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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 $190,000 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 $190,000 cash along with $30,000 in office equipment in the company in exchange for common stock. 2 The company prepaid $6,500 cash for six months' rent for an office. Mint: Debit Prepaid Rent for $6,500. 3 The company made credit purchases of office equipment for $4,000 and office supplies for $2,400. Payment is due within 10 days. 6 The company completed services for a client and immediately received $5,500 cash. The company completed a $11,400 project for a client, who must pay within 30 days. 12 The company paid $6,400 cash to settle the account payable created on March 3. 19 The company paid $7,100 cash for the premium on a 12-month insurance policy. Wint: Debit Prepaid Insurance for $7,100. 22 The company received $3,600 cash as partial payment for the work completed on March 9. 25 The company completed work for another client for $4,150 on credit. 29 The company paid a $6,400 cash dividend. 30 The company purchased $800 of additional office supplies on credit 31 The company paid $1,300 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

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