Santo Birch opens a Web consulting business called Show-Me-the-Money Consultants and completes the following transactions in March:

Required;

1. Prepare general journal entries to record these transactions (use the account titles listed in part 2).

2. Open the following accounts—their account numbers are in parentheses (use the balance column format): Cash (101); Accounts Receivable (106); Office Supplies (124); Prepaid Insurance (128); Prepaid Rent (131); Office Equipment (163); Accounts Payable (201); S. Birch, Capital (301); S. Birch, Withdrawals (302); Services Revenue (403); and Utilities Expense (690). Post the jour¬ nal entries from part 1 to the accounts and enter the balance after each posting.

3. Prepare a trial balance as of the end of this month’s operations.

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March 1 Birch invested $150,000 cash along with $22,000 of office equipment in the business. 2 Prepaid $6,000 cash for six months' rent for an office. (Hint: Debit Prepaid Rent for $6,000.) 3 Made credit purchases of office equipment for $3,000 and office supplies for $1,200. Payment is due within 10 days. 6 Completed services for a client and immediately received $4,000 cash. 9 Completed a $7,500 project for a client, who must pay within 30 days. 10 Paid $4,200 cash to settle the account payable created on March 3. 19 Paid $5,000 cash for the premium on a 12-month insurance policy. 22 Received $3,500 cash as partial payment for the work completed on March 9. 25 Completed work for another client for $3,820 on credit. 29 Birch withdrew $5,100 cash for personal use. 30 Purchased $600 of additional office supplies on credit. 31 Paid $200 cash for this month's utility bill.