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 $9,500 cash for six months' rent for an office. Hint: Debit Prepaid Rent for $9,500. 3 The company made credit purchases of office equipment for $2,900 and office supplies for $1,500. Payment is due within 10 days. 6 The company completed services for a client and immediately received $3,500 cash. 9 The company completed a $10,700 project for a client, who must pay within 30 days. 12 The company paid $4,400 cash to settle the account payable created on March 3. 19 The company paid $6,700 cash for the premium on a 12-month insurance policy. Hint: Debit Prepaid Insurance for $6,700. 22 The company received $4,900 cash as partial payment for the work completed on March 25 The company completed work for another client for $4,540 on credit. 29 The company paid a $4,600 cash dividend. 30 The company purchased $1,900 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 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 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). View transaction et Prepare general journal entries to record these transactions using the following titles: Cash (101); Aco Supplies (124); Prepaid Insurance (128); Prepaid Rent (131); Office Equipment (163); Accounts Payal Dividends (319); Services Revenue (403); and Utilities Expense (690). View transaction list Journal entry worksheet 1 2 3 4 5 7 12 ..... > Brooks invested $190,000 cash along with $30,000 in office equipment in the company in exchange for common stock. Note: Enter debits before credits. General Journal Debit Credit Date Mar 01 101: Cash 106: Accounts receivable 124: Office supplies 128: Prepaid insurance 131: Prepaid rent Record ei View general journal 162. Office Ruinman (Required 1 Required 2 Prepare general journal entries to record these transactions using the following titles: Cash (101); Accounts Re Supplies (124); Prepaid Insurance (128); Prepaid Rent (131); Office Equipment (163); Accounts Payable (201) Dividends (319); Services Revenue (403); and Utilities Expense (690). View transaction list Journal entry worksheet ..... The company prepaid $9,500 cash for six months' rent for an office. Note: Enter debits before credits. Date General Journal Debit Credit Mar 02 128: Prepaid insurance 131: Prepaid rent 163: Office equipment 201: Accounts payable 307: Common stock Recorder View general Journal Requirol 1 Required 2 > Prepare general journal entries to record these transactions using the following titles: Cash (101); Acco Supplies (124); Prepaid Insurance (128); Prepaid Rent (131); Office Equipment (163); Accounts Payabl Dividends (319); Services Revenue (403); and Utilities Expense (690). View transaction list Journal entry worksheet The company made credit purchases of office equipment for $2,900 and office supplies for $1,500. Payment is due within 10 days. Note: Enter debits before credits. Date General Journal Debit Credit Mar 03 201: Accounts payable 307: Common stock 319: Dividends 403: Services revenue Record et 690: Utilities expense View general Journal * Required 1 Required 2 Prepare general journal entries to record these transactions using the following titles: Cash (101); Accounts Rec Supplies (124); Prepaid Insurance (128); Prepaid Rent (131); Office Equipment (163); Accounts Payable (201); Dividends (319); Services Revenue (403); and Utilities Expense (690). View transaction list Journal entry worksheet The company completed services for a client and immediately received $3,500 cash. Note: Enter debits before credits. Date General Journal Debit Credit Mar 06 Record entry Clear entry View general Journal Requirad 1 Required 2 > View transaction list Journal entry worksheet The company paid $4,400 cash to settle the account payable created on March 3. Note: Enter debits before credits. General Journal Debit Credit Date Mar 12 Record entry Clear entry View general journal Roguired Required 2 > View transaction list Journal entry worksheet View transaction list Journal entry worksheet .. The company received $4,900 cash as partial payment for the work completed on March 9. Note: Enter debits before credits. General Journal Debit Credit Date Mar 22 Record entry Clear entry View general journal Required 1 Required 2 > View transaction list Journal entry worksheet View transaction list Journal entry worksheet The company purchased $1,900 of additional office supplies on credit. Note: Enter debits before credits. Date General Journal Debit Credit Mar 30 Record entry Clear entry View general Journal Required Required 2 > View transaction list Journal entry worksheet The company paid $1,300 cash for this month's utility bill. Note: Enter debits before credits. Date General Journal Debit Credit Mar 31 s Record entry Clear entry View general journal Required Required 2 > Required 1 Required 2 Required 3 Post the journal entries from part 1 to the ledger accounts. 101: Cash Date Debit Credit Balance 106: Accounts Receivable Debit Credit Date Balance 124: Office Supplies Debit Credit 128: Prepaid Insurance Debit Credit Date Balance Date Balance 131: Prepaid Rent Debit Credit 163: Office Equipment Debit Credit Date Balance Date Balance 201: Accounts Payable Debit Credit 307: Common Stock Debit Credit Date Balance Balance Date 319: Dividends Debit Credit 403: Services Revenue Debit Credit Balance Date Date Balance 690: Utilities Expense Debit Credit Date Balance Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare a trial balance as of the end of March. VENTURE CONSULTANTS Trial Balance March 31 Debit Credit 101: Cash 106: Accounts receivable 124: Office supplies 128: Prepaid insurance Totals $ $ 0