1. The preparation of the Income Statement for Bernick's Consulting is as follows:
Bernick's Consulting 
<h3>Income Statement </h3>
For the Month Ended January 31, 20-- 
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    $2,370
Net income                                                          $670
2. The preparation of the Owner's Equity for Bernick's Consulting is as follows:
Bernick's Consulting 
<h3>Owner's Equity</h3>
As of January 31, 20--
Diane Bernick, Capital      311            $11,000 
Diane Bernick, Drawing   312                (450)
Net loss                                                  (670)
Owner's equity                                 $9,880 
3. The preparation of the Balance Sheet for Bernick's Consulting is as follows:
Bernick's Consulting 
<h3>Balance Sheet</h3>
As of January 31, 20--
<h3>Assets:</h3>
Cash                                   101             $9,730 
Office Supplies                 142                  200 
Office Equipment              181                1,300
Total assets                                        $11,230
<h3>Liabilities and equity:</h3>
Accounts Payable           202            $1,350 
Owner's equity                                    9,880
Total liabilities and equity                $11,230
<h3>Data: </h3>
Bernick’s Consulting 
<h3>Trial Balance</h3>
January 31, 20-- 
ACCOUNT TITLE    ACCOUNT NO.    DEBIT    CREDIT 
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 
Totals                                                 14,050   14,050 
Learn more about preparing financial statements at brainly.com/question/22941895
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