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
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
Chapter8: Fraud, Internal Controls, And Cash
Section: Chapter Questions
Problem 5PA: Inner Resources Company started its business on April 1, 2019. The following transactions occurred...
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Financial Statements
Diane Bernick opened Bernick's Consulting. Transactions for the month of January and
| 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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