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 $22,000 in office equipment in the company in exchange for common stock. 2 The company prepaid $7,000 cash for six months' rent for an office. Mint: Debit Prepaid Rent for $7,000. 3 The company made credit purchases of office equipment for $4,000 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 $7,500 project for a client, who must pay within 30 days. 12 The company paid $5,100 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. Hint: Debit Prepaid Insurance for $7,100 22 The company received $3,500 cash as partial payment for the work completed on March 9. 25 The company completed work for another client for $3,810 on credit. 29 The company paid a $6,900 cash dividend. 30 The company purchased $1,300 of additional office supplies on credit 31 The company paid $700 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 o & 7 6 8 9 t Y u f g h K 1