Diane Bernick opened Bernick's Consulting. Transactions for the month of January and trial balance at January 31 are shown. Jan. 1 Bernick invested cash in the business, $11,000. 2 Paid office rent, $750. 3 Purchased office equipment on account, $1,300. 5 Received cash for services rendered, $900. 8 Paid phone bill, $65. 10 Paid for a magazine subscription (miscellaneous expense), $40. 11 Purchased office supplies on account, $200. 15 Made a payment on account (see Jan. 3 transaction), $150. 18 Paid part-time employee, $700. 21 Received cash for services rendered, $800. 25 Paid utilities bill, $115. 27 Bernick withdrew cash for personal use, $450. 29 Paid part-time employee, $700. Bernick’s Consulting Trial Balance January 31, 20-- ACCOUNT TITLE ACCOUNT NO. DEBIT BALANCE CREDIT BALANCE Cash 101 9,730 Office Supplies 142 200 Office Equipment 181 1,300 Accounts Payable 202 1,350 Diane Bernick, Capital 311 11,000 Diane Bernick, Drawing 312 450 Consulting Fees 401 1,700 Wages Expense 511 1,400 Rent Expense 521 750 Phone Expense 525 65 Utilities Expense 533 115 Miscellaneous Expense 549 40 14,050 14,050 Question Content Area 1. Prepare an income statement. Bernick's Consulting Income Statement For Month Ended January 31, 20-- Revenues: Rent expense $Rent expense $- Select - - Select - - Select - - Select - - Select - - Select - $- Select - Question Content Area 2. Prepare a statement of owner's equity. Bernick's Consulting Statement of Owner's Equity For Month Ended January 31, 20-- $- Select - - Select - Total investment $fill in the blank 18bdaaf7e02bfe3_5 $- Select - - Select - - Select - $- Select - Question Content Area 3. Prepare a balance sheet. Bernick's Consulting Balance Sheet January 31, 20-- Assets Liabilities $fill in the blank fc5bf9fa0fb307a_2 $fill in the blank fc5bf9fa0fb307a_4 fill in the blank fc5bf9fa0fb307a_6 Owner's Equity fill in the blank fc5bf9fa0fb307a_8 fill in the blank fc5bf9fa0fb307a_10 Total assets $fill in the blank fc5bf9fa0fb307a_11 Tot

Business

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