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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 $150,000 cash along with

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

March 1 Brooks invested $150,000 cash along with $22,000 in office equipment in the company in exchange for common stock.
March 2 The company prepaid $6,000 cash for six months rent for an office. Hint: Debit Prepaid Rent for $6,000.
March 3 The company made credit purchases of office equipment for $3,000 and office supplies for $1,200. Payment is due within 10 days.
March 6 The company completed services for a client and immediately received $4,000 cash.
March 9 The company completed a $7,500 project on credit for a client, who must pay within 30 days.
March 12 The company paid $4,200 cash to settle the account payable created on March 3.
March 19 The company paid $5,000 cash for the premium on a 12-month insurance policy. Hint: Debit Prepaid Insurance for $5,000.
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 $3,820 on credit.
March 29 The company paid a $5,100 cash dividend.
March 30 The company purchased $600 of additional office supplies on credit.
March 31 The company paid $500 cash for this months utility bill.

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