2.5 Simulation Two A 6 8.75 points 80-20:08 8 Denzel Brooke opened a Web consulting business called Venture Consultants and completed the following transactions in Merch. March 1 Brooks invested $170,eee cash along with $29, in office equipment in the company in exchange for common stock. 2 The company prepaid $6,500 cash for six months' rent for an office. Hint: Debit Prepaid Rent for $6,500. 3 The company nade credit purchases of office equipment for $2,900 and office supplies for 52,100. Payment is due within 10 days. 6 The company completed services for a client and immediately received $6,eee cash. 9 The company completed a $11,902 project for a client, who must pay within 30 days. 12 The company paid $5,eee cash to settle the account payable created on March 3. 19 The company paid $6,9ee cash for the premium on a 12-month insurance policy. Hint: Debit Prepaid Insurance for $6,900. 22 The company received 35,488 cash as partial payment for the work completed on March 9. 25 The company completed work for another client for $3,840 on credit. 29 The company paid a $5,90 cash dividend. 30 The company purchased $1,5ee of additional office supplies on credit. 31 The company paid $900 cash for this month's utility bill. Required: 1. Prepare generel journal entries to record these transactions using the following titles: Cash (101): Accounts Receivable (106): Office Supplies (124Prepaid Insurance (129): Prepaid Rent (131) Office Equipment (163): Accounts Payable 2016 Common Stock (307): Dividends (319). Services Revenue (403) and Utilities Expense (690). 2. Post the journal entries from part 1 to the ledger accounts 3. Prepere a trial balance es of the end of March eBook References Complete this question by entering your answers in the tabs below. : Required 1 Required 2 Required 2 Post the journal entries from part 1 to the ledger accounts. 101: Cash Debit Credit 106: Accounts Receivable Debit Credit Date Balance Date Balance 124: Office Supplies Debit Credit 128: Prepaid Insurance Debit Credit Date Balance Date Balance 131: Prepaid Rent Debit Credit 163: Office Equipment Debit Credit Date Balance Date Balance 201: Accounts Payable Debit Credit 307: Common Stock Debit Credit Date Balance Date Balance 319: Dividendis Debit Credit 403: Services Revenue Debit Credit Date Balance Date Balance 690: Utilities Expense Debit Credit Date Balance 3