Denzel Brooks opened a Web consulting business called Venture Consultants and completed the following transactions in March. March 1 Brooks invested $170,000 cash along with $23,060 in office equipment in the company in exchange for common stock. March 2 The company prepaid $7,060 cash for six months' rent for an office. Hint: Debit Prepaid Rent for $7,080. March 3 The company made credit purchases of office equipment for $4,300 and office supplies for $1, 400. Payment is due within 10 days. March 6 The company completed services for a client and immediately received $6,500 cash. March 9 The company completed a $11, 500 project on credit for a client, who must pay within 30 days. March 12 The company paid $5,700 cash to settle the account payable created on March 3. March 19 The company paid $5,500 cash for the premium on a 12-month insurance policy. Hint: Debit Prepaid Insurance for $5, 500. March 22 The company received $5, 400 cash as partial payment for the work completed on March 9. March 25 The company completed work for another client for $3,680 on credit. March 29 The company paid a $6, 500 cash dividend. March 30 The company purchased $1, 300 of additional office supplies on credit. March 31 The company paid $1, 400 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. Complete this question by entering your answers in the tabs below.Required 1 Required 2 Required 3 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). View transaction list Journal entry worksheet LO 8 Brooks Invested $170,000 cash along with $23,000 in office equipment in the company in exchange for common stock. Note: Enter debits before credits. Date General Journal Debit Credit March 01 Clear entry View general journal Record entryAccounts Payable (ZUij: Common Stock (SU/]: Dividends (519], 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. Complete this question by entering your answers in the tabs below. Required Required Required 3 Post the journal entries from part 1 to the ledger accounts. 101: Cash 106: Accounts Receivable Date Debit Credit Balance Date Debit Credit Balance March 1 ICE 124: Office Supplies 128: Prepaid Insurance Date Debit Credit Balance Date Debit Credit Balance 131: Prepaid Rent 163: Office Equipment Date Debit Credit Balance Date Debit Credit Balance 201: Accounts Payable 307: Common Stock Date Debit Credit Balance Date Debit Credit Balance 319: Dividends 403: Services Revenue Date Debit Credit Balance Date Debit Credit Balance 690: Utilities Expense Date Debit Credit Balance with $23, 000 in office equipment in the company in exchange for common stock. cBook March 2 The company prepaid $7,080 cash for six months' rent for an office. Hint: Debit Prepaid Rent for $7, 090. March 3 The company made credit purchases of office equipment for $4, 300 and office Print supplies for $1, 409. Payment is due within 10 days. March 6 The company completed services for a client and immediately received $6,508 cash. Reference March 9 The company completed a $11, 500 project on credit for a client, who must pay within 30 days. March 12 The company paid $5,700 cash to settle the account payable created on March 3. March 19 The company paid $5,500 cash for the premium on a 12-month insurance policy. Hint: Debit Prepaid Insurance for $5,500. March 22 The company received $5, 400 cash as partial payment for the work completed on March 9. March 25 The company completed work for another client for $3, 680 on credit. March 29 The company paid a $6,500 cash dividend. March 30 The company purchased $1, 300 of additional office supplies on credit. March 31 The company paid $1, 400 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. Complete this question by entering your answers in the tabs below. Required Required Required 3 Prepare a trial balance as of the end of March. VENTURE CONSULTANTS Trial Balance March 31 Debit Credit Totals