Denzel Brooks opens a Web consulting business called Venture Consultants and completes the following Problem 2-2A transactions in March. Preparing and posting Journal March 1 Brooks invested $150,000 cash along with $22,000 in office equipment in the company. entries, preparing a trial balance 2 The company prepaid $6,000 cash for six months' rent for an office. (Hint: Debit Prepaid C3 C4 A1 P1 P2 Rent for $6,000.) 3 The company made credit purchases of office equipment for $3,000 and office supplies for X $1,200. Payment is due within 10 days. mhhe.com/wildFAP210 6 The company completed services for a client and immediately received $4,000 cash. 9 The company completed a $7,500 project for a client, who must pay within 30 days. Sage 50 12 The company paid $4,200 cash to settle the account payable created on March 3. QB 19 The company paid $5,000 cash for the premium on a 12-month insurance policy. (Hint: Debit Prepaid Insurance for $5,000.) 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 $3,820 on credit 29 Brooks withdrew $5,100 cash from the company for personal use. 30 The company purchased $600 of additional office supplies on credit. 31 The company paid $500 cash for this month's utility bill. Required 1. Prepare general journal entries to record these transactions (use the account titles listed in part 2) 2. Open the following ledger accounts--their account numbers are in parentheses (use the balance col- um format): Cash (101); Accounts Receivable (106); Office Supplies (124); Prepaid Insurance (128): Prepaid Rent (131): Office Equipment (163); Accounts Payable (201); D. Brooks, Capital (301); Check (2) Ending balances Cash, D. Brooks, Withdrawals (302); Services Revenue (403); and Utilities Expense (690). Post the journal $136.700 Accounts Receivable, entries from part 1 to the ledger accounts and enter the balance after each posting. $7820, Accounts Payable, 5600 3. Prepare a trial balance as of the end of March. (3) Total debits, $187,920