Denzel Brooks opened a Web consulting business called Venture Consultants and completed the following transactions in March.

March 1Brooks invested $170,000 cash along with $29,000 in office equipment in the company in exchange for common stock.March 2The company prepaid $8,000 cash for six months' rent for an office. Hint: Debit Prepaid Rent for $8,000.March 3The company made credit purchases of office equipment for $4,800 and office supplies for $1,800. Payment is due within 10 days.March 6The company completed services for a client and immediately received $7,000 cash.March 9The company completed a $11,800 project on credit for a client, who must pay within 30 days.March 12The company paid $6,600 cash to settle the account payable created on March 3.March 19The company paid $5,200 cash for the premium on a 12-month insurance policy. Hint: Debit Prepaid Insurance for $5,200.March 22The company received $5,200 cash as partial payment for the work completed on March 9.March 25The company completed work for another client for $4,770 on credit.March 29The company paid a $4,900 cash dividend.March 30The company purchased $1,100 of additional office supplies on credit.March 31The company paid $900 cash for this month's utility bill.

Required:

1. Prepare general journal entries to record these transactions using the following titles: Cash (101); 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.