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GENERAL JOURNAL ENTRIES Diane Bernick has opened Bernick’s Consulting. Journalize the following transactions that occurred during January of the current year. Use the following journal pages: January 1–10, page 1; and January 11–29, page 2. Use the following chart of accounts: Jan. 1 Bernick invested cash in the business, $12,000. 2 Paid office rent, $750. 3 Purchased office equipment on account, $1,300. 5 Received cash for services rendered, $950. 8 Paid phone bill, $85. 10 Paid for a magazine subscription (miscellaneous expense), $20. 11 Purchased office supplies on account, $250. 15 Made a payment on account (see Jan. 3 transaction), $200. 18 Paid part-time employee, $600. 21 Received cash for services rendered, $800. 25 Paid utilities bill, $105. 27 Bernick withdrew cash for personal use, $400. 29 Paid part-time employee, $600.

BuyFind

College Accounting, Chapters 1-27

23rd Edition
HEINTZ + 1 other
Publisher: Cengage Learning,
ISBN: 9781337794756
BuyFind

College Accounting, Chapters 1-27

23rd Edition
HEINTZ + 1 other
Publisher: Cengage Learning,
ISBN: 9781337794756

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Chapter
Section
Chapter 4, Problem 4SEA
Textbook Problem

GENERAL JOURNAL ENTRIES Diane Bernick has opened Bernick’s Consulting. Journalize the following transactions that occurred during January of the current year. Use the following journal pages: January 1–10, page 1; and January 11–29, page 2. Use the following chart of accounts:

Chapter 4, Problem 4SEA, GENERAL JOURNAL ENTRIES Diane Bernick has opened Bernicks Consulting. Journalize the following

Jan. 1 Bernick invested cash in the business, $12,000.

2 Paid office rent, $750.

3 Purchased office equipment on account, $1,300.

5 Received cash for services rendered, $950.

8 Paid phone bill, $85.

10 Paid for a magazine subscription (miscellaneous expense), $20.

11 Purchased office supplies on account, $250.

15 Made a payment on account (see Jan. 3 transaction), $200.

18 Paid part-time employee, $600.

21 Received cash for services rendered, $800.

25 Paid utilities bill, $105.

27 Bernick withdrew cash for personal use, $400.

29 Paid part-time employee, $600.

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Chapter 4 Solutions

College Accounting, Chapters 1-27
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Ch. 4 - A check stub serves as a source document for what...Ch. 4 - Indicate the information that would be entered for...Ch. 4 - Indicate the information that would be entered for...Ch. 4 - Dunkin Company made the following entry for the...Ch. 4 - Trace the flow of accounting information through...Ch. 4 - Name a source document that provides information...Ch. 4 - Explain the purpose of a chart of accounts.Ch. 4 - Name the five types of financial statement...Ch. 4 - Where is the first formal accounting record of a...Ch. 4 - Describe the four steps required to journalize a...Ch. 4 - In what order are the accounts customarily placed...Ch. 4 - Explain the primary advantage of a general ledger...Ch. 4 - Explain the five steps required when posting the...Ch. 4 - What information is entered in the Posting...Ch. 4 - Explain why the ledger can still contain errors...Ch. 4 - What is a slide error?Ch. 4 - What is a transposition error?Ch. 4 - What is a correcting entry?Ch. 4 - SERIES A EXERCISES SOURCE DOCUMENTS Source...Ch. 4 - GENERAL JOURNAL ENTRIES For each of the following...Ch. 4 - GENERAL LEDGER ACCOUNTS Set up T accounts for each...Ch. 4 - GENERAL JOURNAL ENTRIES Diane Bernick has opened...Ch. 4 - GENERAL LEDGER ACCOUNTS; TRIAL BALANCE Set up...Ch. 4 - FINANCIAL STATEMENTS From the information in...Ch. 4 - FINANCIAL STATEMENTS From the following trial...Ch. 4 - FINDING AND CORRECTING ERRORS On May 25, after the...Ch. 4 - SERIES A PROBLEMS JOURNALIZING AND POSTING...Ch. 4 - JOURNALIZING AND POSTING TRANSACTIONS Jim Andrews...Ch. 4 - CORRECTING ERRORS Assuming that all entries have...Ch. 4 - SOURCE DOCUMENTS What type of information is found...Ch. 4 - GENERAL JOURNAL ENTRIES For each of the following...Ch. 4 - GENERAL LEDGER ACCOUNTS Set up T accounts for each...Ch. 4 - GENERAL JOURNAL ENTRIES Sengel Moon opened The...Ch. 4 - GENERAL LEDGER ACCOUNTS; TRIAL BALANCE Set up...Ch. 4 - FINANCIAL STATEMENTS From the information in...Ch. 4 - FINANCIAL STATEMENTS From the following trial...Ch. 4 - FINDING AND CORRECTING ERRORS On April 25, after...Ch. 4 - JOURNALIZING AND POSTING TRANSACTIONS Benito...Ch. 4 - JOURNALIZING AND POSTING TRANSACTIONS Ann Taylor...Ch. 4 - CORRECTING ERRORS Assuming that all entries have...Ch. 4 - MANAGING YOUR WRITING You are a public accountant...Ch. 4 - MASTERY PROBLEM Barry Bird opened the Barry Bird...Ch. 4 - CHALLENGE PROBLEM Journal entries and a trial...

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