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

March 1 Brooks invested $165,000 cash along with $28,000 in office equipment in the company in exchange for common stock. 2 The company prepaid $9,000 cash for six months' rent for an office. Hint: Debit Prepaid Rent for $9,000. 3 The company made credit purchases of office equipment for $4,500 and office supplies for $1,100. Payment is due within 10 days. 6 The company completed services for a client and immediately received $4,500 cash. 9 The company completed a $7,100 project for a client, who must pay within 30 days. 12 The company paid $5,600 cash to settle the account payable created on March 3. 19 The company paid $7,300 cash for the premium on a 12-month insurance policy. Hint: Debit Prepaid Insurance for $7,300. 22 The company received $4,800 cash as partial payment for the work completed on March 9. 25 The company completed work for another client for $4,090 on credit. 29 The company paid a $4,800 cash dividend. 30 The company purchased $2,000 of additional office supplies on credit. 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.