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Can someone help me solve this accounting problem? Denzel Brooks opens a Web consulting business called Venture Consultants and completes the following transactions in March.
Can someone help me solve this accounting problem?
Denzel Brooks opens a Web consulting business called Venture Consultants and completes the following transactions in March. March 1 Brooks invested $160,000 cash along with $24,000 in office equipment in exchange for common stock. 2 The company prepaid $6,000 cash for six months' rent for an office. (Hint: Debit Prepaid Rent for $6,000.) 3 The company made credit purchases of office equipment for $4,400 and office supplies for $2,100. 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. 19 The company paid $4,200 cash for the premium on a 12-month insurance policy. (Hint: Debit Prepaid Insurance for $4,200.) 22 The company received $3,400 cash as partial payment for the work completed on March 9. 25 The company completed work for another client for $4,410 on credit. 29 The company paid $5,900 cash in dividends. 30 The company purchased $500 of additional office supplies on credit. 31 The company paid $1,000 cash for this month's utility bill
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