4. Denzel Brooks opened a Web consulting business called Venture Consultants and completed the following transactions in March ebook March 1 Brooks invented $150,000 cash along with $22,000 in office equipment in the company in exchange for common stock. 2. The company prepaid $6,000 cash for six months rent for an office. Minta Debit Prepaid Rent for $5,000. The company nade credit purchases of office equipment for $3,000 and office supplies for $1,200. Payment is due within 10 days. 6 The company completed services for a client and immediately received $4,000 cash 9 The company completed a $7,500 project for a client, who must pay within 30 days. 12 The company paid $4,200 cash to settle the account payable created on March 3. 19 the company paid $5,000 cash for the premium on a 12-month insurance policy. Mint Debit Prepaid Insurance for $5,000. 22 The company received $3,500 cash as partial payment for the work completed on March 9. 25 The company completed work for another client for $3,820 on credit. 29 The company paid a 55,100 cash dividend. 30 The company purchased $600 of additional office supplies on credit. 31. The company paid 5500 cash for this month's utility bill. ferences Required: 1. Prepare general Journal entries to record these transactions using the following titles: Cash (109): Accounts Receivable (106): Office Supplies (124): Prepaid Insurance (128). Prepaid Rent (131); Office Equipment (163): Accounts Payable (201): 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. Prepare a trial balance as of the end of March 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 313: Dividends Debit Credit 403: Services Revenue Debit Credit Date Balance Date Balance 201: Accounts Payable Debit Credit 307: Common Stock Dobit Credit Date Balance Date Balance 319: Dividends Debit Credit 403: Services Revenue Dobit Credit Dato Balance Date Balance 680: Utilities Expenne Debit Credit Date Balance Required 1 Required 3 > 2. Post the journal entries from part 1 to the ledger accounts. 3. Prepare a trial balance as of the end of March. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare a trial balance as of the end of March. VENTURE CONSULTANTS Trial Balance March 31 Debit Credit 5 Totals