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Denzel Brooks opened a Web consulting business called Venture Consultants and completed the following transactions in March. March 1 Brooks invested $185,000 cash along with

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Denzel Brooks opened a Web consulting business called Venture Consultants and completed the following transactions in March. March 1 Brooks invested $185,000 cash along with $29,600 in office equipeent in the conpany. March 2 The conpany prepaid $7,500 cash for six aonths' rent for an office, Mint: Debit Prepaid Rent for 57,500. March 3 The company aade credit purchases of office equipment for $4,503 and office supplies for 52,100 . Paysent is due within 1e days. March 6 The company conpleted services for a client and innediately received $5,600 cash. March 9 The conpany cospleted a $11,400 project on credit for a client, who nust pay within 30 days. March 12 The coopany paid $6,600 cash to settle the account payable created on March 3. March 19 The company paid $4,600 cash for the presiun on a 12 -nonth insurance policy. Hinti Debit Prepaid Insurance for 54,6 es. March 22 The conpany received $5,000 cash as partial paysent for the work cospleted on March 9. March 25 The company conpleted work for another client for $3,940 on credit. March 29 Brooks withdrew $5,600 cash from the company for personal use. March 39 The conpany purchased $1,280 of additional office supplies on eredit. March 31 The company paid $1,000 cash for this month's utility bitl. Required: 1. Prepare general journal entries to record these transactions using the following tittes Cash (10); Accounts Receivable (106); Office Supples (124. Prepaid Insurance (128); Prepaid Rent (131); Office Equipment (163); Accounts Payable (201) D. Brooks, Capital (301); D. Broaks, Withdrawals (302): Senices Revenue (403), and Utilties 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. Prepare general journal entries to record these transactions using the following tities Cash (101): Accounts Receivabie (106); Omice Supplies (124); Prepaid : Insurance (128); Prepald Rent (131); Office Equipment (163); Accounts payable (201); D. arroks, Copital (301); 0 . Arooke, Withdrawals (3002): Services Revenue (603); and utlities Expense (690). Denzel Brooks opened a Web consulting business called Venture Consultants and completed the following transactions in March. March 1 Brooks invested $185,600 cash along with $29,600 in office equipaent in the company. March 2 The conpany prepaid $7,500 cash for six nonths' rent for an office. Hint: Debit Prepaid Rent for $7,500. March 3 The company made credit purchases of office equipnent for $4,500 and office supplies for $2,100. Paynent is due wy days. March 6 The company completed services for a client and insediately received $5,000 cash. March 9 The company conpleted a $11,480 project on credit for a client, who aust pay within 30 days. March 12 The company paid $6,608 cash to settle the account payable created on March 3 . March 19 The company paid $4,600 cash for the premiun on a 12-nonth insurance policy. Hint: Debit Prepaid Insurance for $4,6 March 22 The conpany received $5,000 cash as partial payment for the work conpleted on March 9. March 25 The company completed work for another client for $3,940 on credit. March 29 Brooks withdrew $5,600 cash fron the conpany for personal use. March 30 The company purchased $1,200 of additional office supplies on credit. March 31 The conpany paid $1,000 cash for this nonth's utitity bitt. Required: 1. Prepare general journal entries to record these transactions using the following tities: Cash (101): Accounts Receivable (106); Office Supplies (124); Insurance (128); Prepaid Rent (131); Office Equipment (163); Accounts Payable (201); D. Brooks, Capital (301): D. Brooks. Withdrawals (302); Services R (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. Post the journal entries from part 1 to the ledger accounts

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