balance LO A1, P1 Denzel Brooks opened a Web consulting business called Venture Consultants and completed the following transactions in March. March 1 Brooks Invested $160,000 cash along with $26,000 in offlce equipent in the company in exchange for common stock. March 2 The conpany prepald $7,500 cash for six nonthe' rent for an offlee. Hint: Debit Prepald Rent for $7,500. March 3 The conpany made credit purchases of offlce equipment for $3,000 and office supplies for $2,100. Payment is due within 10 days. March 5 The company completed services for a cllent and Inmediately recelved $3,500 cash. March 9 The company completed a $9,200 project on credit for a client, who must pay within 30 days. March 12 The company paid $5,100 cash to settle the account payable created on March 3. Harch 19 The company pald $4,500 cash for the premlun on a 12-nonth insurance pollcy. Hint: Debit Prepaid Insurance for $4,500. March 22 The conpany recelved $4,700 cash as partial paynent for the work completed on March 9. March 25 The company completed work for another client for $5,330 on credit. March 29 The company pald a $7,500 cash dividend. March 30 The company purchased $600 of additional office supplles on credit. March 31 The conpany pald $1,400 cash for this month's utility bill. Required: 3. Prepare a trial balance as of the end of March. Complete this question by entering your answers in the tabs below. Prepare general foumal entries to record these transactions using the following titles: Cash (101): Accout Supplies (124); Prepoid Insurance (128); Prepald Rent (131); Office fquipment (163); Accounts Payable Dividends (319); Services Revenue (403); and Utilites Expense (690). Journal entry worksheet Brooks invested $160,000 cash along with $26,000 in office equipment in the company in exchange for common stock. Note: Enter debus belore ardits. Required: 1. Prepore generat journal entries to record these vansactions using the following titles: Cash fot:. Accounts Recetvable 0106 Office Supples (124), Prepaid insuronce (128). Prepaid Rent (13t) Office Equipment (163; Accounts Payable (201k Common (307), Dividends (319): Servces Revenue (403), and Utiltes Expense (650) 2. Poda the journal entres from part 1 to the ledger accounts. 3. Prepare a trialbolance as of the end of March Complete this question by entering your answers in the tabs below. Fast the journal entries from part 1 to the ledger accounts. Ifarch 30 The corpany purchased $600 of additional office supplies on credit. Iarch 31 The company paid $1,400 cash for this nonth's utility bill. Required: 1. Prepare general journal entries to record these transactions using th Office Supplies (124): Prepaid Insurance (128); Prepaid Rent (131); Offic (307). Dividends (319); Services Revenue (403); and Utilities Expense 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. Prepare a trial balance as of the end of March