Denzel Brooks opened a Web consulting business called Venture Consultants and completed the following transactions in March March 1 Brooks invested $175,000 cash along with $27,000 in office equipment in the company March 2 The company prepaid $9,000 cash for six months' rent for an office Hint Debit Prepaid Rent for $9,000 March 3 The company made credit purchases of office equipment for $5,100 and office supplies for $2,000 Payment is due within 10 days March 6 The company completed services for a client and immediately received $6,000 cash March 9 The company completed a $8,100 project on credit for a client, who must pay within 30 days March 12 The company paid $7,100 cash to settle the account payable created on March 3 March 19 The company paid $7,400 cash for the premium on a 12 month insurance policy Hint Debit Prepaid Insurance for $7,400 March 22 The company received $5,000 cash as partial payment for the work completed on March 9 March 25 The company completed work for another client for $4,960 on credit March 29 Brooks withdrew $6,700 cash from the company for personal use March 30 The company purchased $1,700 of additional office supplies on credit March 31 The company paid $1,500 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 Hint Ledger accounts are 101 cash, 106 accounts receivable, 124 office supplies, 128 prepaid insurance, 131 prepaid rent, 163 office equipment, 201 accounts payable, 301 D Brooks Capital, 302 D Brooks Withdrawals, 403 Service Revenue, 690 Utilities Expense Third part is Venture Consultants Trial Balance

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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 $175,000 cash along with

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

March 1	Brooks invested $175,000 cash along with $27,000 in office equipment in the company.
March 2	The company prepaid $9,000 cash for six months' rent for an office. Hint: Debit Prepaid Rent for $9,000.
March 3	The company made credit purchases of office equipment for $5,100 and office supplies for $2,000. Payment is due within 10 days.
March 6	The company completed services for a client and immediately received $6,000 cash.
March 9	The company completed a $8,100 project on credit for a client, who must pay within 30 days.
March 12	The company paid $7,100 cash to settle the account payable created on March 3.
March 19	The company paid $7,400 cash for the premium on a 12-month insurance policy. Hint: Debit Prepaid Insurance for $7,400.
March 22	The company received $5,000 cash as partial payment for the work completed on March 9.
March 25	The company completed work for another client for $4,960 on credit.
March 29	Brooks withdrew $6,700 cash from the company for personal use.
March 30	The company purchased $1,700 of additional office supplies on credit.
March 31	The company paid $1,500 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. Hint: Ledger accounts are: 101 cash, 106 accounts receivable, 124 office supplies, 128 prepaid insurance, 131 prepaid rent, 163 office equipment, 201 accounts payable, 301 D.Brooks Capital, 302 D.Brooks Withdrawals, 403 Service Revenue, 690 Utilities Expense. Third part is Venture Consultants Trial Balance