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Denzel Brooks opened a Web consulting business called Venture Consultants and completes the following transactions in March. 1 Brooks invested $150,000 cash along with $22,000

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Denzel Brooks opened a Web consulting business called Venture Consultants and completes the following transactions in March. 1 Brooks invested $150,000 cash along with $22,000 n office equipment in the company in exchange for common stock 2 The company prepaid $8,000 cash for six months 3 The company made credit purchases of office equipment for $4,500 and office supplies for $1,800. Payment is due within 10 days 6 The company completed services for a client and immediately received $6,500 cash 9 The company completed 12 The company paid $6,300 cash to settle the account payable created on March 3. 19 The company paid $5,800 cash for the premium on a 12-month insurance policy. (Hint: Debit Prepaid Insurance for $5,800.) 22 The company received $4,000 cash as partial payment for the work completed on March 9. 25 The company completed work for another client for $5,100 on credit. 29 The company paid $7,000 cash in dividends. 30 The company purchased $1,100 of additional office supplies on credit. 31 The company paid $1,200 cash for this month's utility bill. March rent for an office. (Hint: Debit Prepaid Rent for $8,000.) client, who must pay within 30 days a $7,700 project for 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

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