ASSIGNMENT PROBLEM On December 1, 2017, Ms. Rosalie Bernabel started a consulting service in Paterson,...
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Accounting
ASSIGNMENT PROBLEM On December 1, 2017, Ms. Rosalie Bernabel started a consulting service in Paterson, New Jersey and called it Bernabel Consulting Service. During the month of December 2017, the following transactions occurred: December 1. Ms. Bernabel invested $30,000 cash in the business. December 4. Paid office rent for $900 for the month of December 2017. December 8. Bought a computer and printer for $1,200 on credit. December 10. Purchased office supplies for $800 in cash. December 12. Paid a local newspaper $750 in cash for adverting space December 15. Paid for telephone bill $200 in cash. December 17. performed consukting services and received $4,500 in cash December 19 Performed consulting services for $7,200 and billed customers for the entire $7,200. Deecember 23.Paid wages for wages for part-time office assistant, $1,000 for the month of December 2017 December 27. Collected $3,500 in cash per December 19th. Transaction. December 31. Withdrew $400 in cash for personal use. PLEASE TAKE: MS. ROSALIE BERNABEL USED THE FOLLOWING ACCOUNTS: CASH, ACCOUNTS RECEIVABLE, OFFICE SUPPLIES, OFFICE EQUIPMENT, OFFICE SUPPLIES, ACCOUNTS PAYABLE, BERNABEL, CAPITAL, BERNABEL DRWING/WITHDRAWALS, SERVICE REVENUE, RENT EXPENSE, ADVERTISING EXPENSE, TELEPHONE EXPENSE, WAGES EXPENSE REQUIRED: a. Record the above transactions in a Journal b. Post all Journal transactions directly into two-column T-Account Ledgers and determine the Ending Balance in each T-Account. Prepare a month-End Trial Balance as of December 31, 2018 for the Bernabel Consulting Service. c

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