Denzel Brooks opens a Web consulting business called Venture Consultants and completes the following transactions in March. March 1 Brooks invested $155,000 cash along with $29,000 in office equipment 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 $2,600 and office supplies for $1,900. Payment is due within 10 days. 6 The company completed services for a client and immediately received $6,000 cash. 9 The company completed a $11,200 project for a client, who must pay within 30 days. 12 The company paid $4,500 cash to settle the account payable created on March 3. 19 The company paid $5,500 cash for the premium on a 12-month insurance policy. (Hint: Debit Prepaid Insurance for $5,500.) 22 The company received $4,600 cash as partial payment for the work completed on March 9. 25 The company completed work for another client for $4,880 on credit. 29 The company paid $5,000 cash in dividends. 30 The company purchased $1,800 of additional office supplies on credit. 31 The company paid $1,100 cash for this month's utility bill.