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 $25,000 in office equipment in the company. March 2 The company prepaid $7,500 canh for six months' rent for an office. Hint: Debit Prepaid Rent for $7,500. March 3 The company made credit purchases of office equipment for $3,100 and office supplies for $1,600. 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 $11,100 project on credit for a client, who must pay within 30 days. March 12 The company paid $4,700 cash to settle the account payable created on March 3. March 19 The company paid $7.700 cash for the premium on a 12-month insurance policy. Wint: Debit Prepaid Insurance for $7,700. March 22 The company received $3,500 cash as partial payment for the work completed on March 9. March 25 The company completed work for another client for $4,390 on credit. March 29 Brooks withdrew $4,700 cash from the company for personal use. March 30 The company purchased $1,600 of additional office supplies on credit. March 31 The company paid $600 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); D. Brooks, Capital (301); D. Brooks, Withdrawals (302); 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); D. Brooks, Capital (301); D. Brooks, Withdrawals (302); Services Revenue (403); and Utilities Expense (690). View transaction list Journal entry worksheet Brooks invested $170,000 cash along with $25,000 in office equipment in the company Note: Enter debits before credits Date General Journal Debit Credit March 01 Journal entry worksheet ..... The company prepaid $7,500 cash for six months' rent for an office. Note: Enter debits before credits. General Journal Debit Credit Date March 02 Record entry Clear entry View general journal Journal entry worksheet ..... 12 The company completed services for a client and immediately received $6,500 cash. Note: Enter debits before credits. General Journal Debit Credit Date March 06 Record entry Clear entry View general journal Journal entry worksheet ..... The company paid $4,700 cash to settle the account payable created on March 3. Note: Enter debits before credits. General Journal Debit Credit Date March 12 Record entry Clear entry View general journal Journal entry worksheet 2 3 8 4 5 6 ..... 12 The company paid $7,700 cash for the premium on a 12-month insurance policy. Note: Enter debits before credits. General Journal Debit Credit Date March 19 Record entry Clear entry View general Journal Journal entry worksheet C 12 The company received $3,500 cash as partial payment for the work completed on March 9. Note: Enter debits before credits. General Journal Debit Credit Date March 22 Record entry Clear entry View general Journal Required 1 Required 2 Required 3 Prepare general journal entries to record these transactions using the following titles: Cash (101); A Supplies (124); Prepaid Insurance (128); Prepaid Rent (131); Office Equipment (163); Accounts Pay (301); D. Brooks, Withdrawals (302); Services Revenue (403); and Utilities Expense (690). View transaction list Journal entry worksheet Required 1 Required 2 Required 3 Prepare a trial balance as of the end of March. VENTURE CONSULTANTS Trial Balance March 31 Debit Credit Totals