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Denzel Brooks opened a Web consulting business called Venture Consultants and completes the following transactions in March March 1 Brooks invested $185,000 cash along with

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Denzel Brooks opened a Web consulting business called Venture Consultants and completes the following transactions in March March 1 Brooks invested $185,000 cash along with $27,000 n office equipment in the company in exchange for common stock. 2 The company prepaid $8,500 cash for six months' rent for an office. (Hint: Debit Prepaid Rent for $8,500.) 3 The company made credit purchases of office equipment for $3,700 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 $9,900 project for a client, who must pay within 30 days. 12 The company paid $4,800 cash to settle the account payable created on March 3. 19 The company paid $6,200 cash for the premium on a 12-month insurance policy. (Hint: Debit Prepaid Insurance for $6,200.) 22 The company received $3,400 cash as partial payment for the work completed on March 9. 25 The company completed work for another client for $4,490 on credit. 29 The company paid $5,400 cash in dividends. 30 The company purchased $900 of additional office supplies on credit. 31 The company paid $1,000 cash for this month's utility bill. nces 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 3 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). Required 1 Required 2 Required 3 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 list Journal entry worksheet 1 2 3 4 5 6 7 B .... 12 > Brooks invested $185,000 cash along with $27,000 in office equipment in the company in exchange for common stock. Note: Enter debits before credits Date General Journal Debit Credit Mar 01 Record entry Clear entry View general Journal

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