ok Denzel Brooks opened a Web consulting business called Venture Consultants and completed the following transactions in March. March 1 Brooks invested $155,eee cash along with $30,000 in office equipment in the company in exchange for common stock. 2 The company prepaid $8,eee cash for six months' rent for an office. Hint: Debit Prepaid Rent for $8,eee. 3 The company made credit purchases of office equipment for $2,700 and office supplies for $2,400. Payment is due within 10 days. 6 The company completed services for a client and immediately received $5,000 cash. 9 The company completed a $7,900 project for a client, who must pay within 30 days. 12 The company paid $5,100 cash to settle the account payable created on March 3. 19 The company paid $5,100 cash for the premium on a 12-month insurance policy. Hint: Debit Prepaid Insurance for $5,100. 22 The company received $4,700 cash as partial payment for the work completed on March 9. 25 The company completed work for another client for $3,670 on credit. 29 The company paid a $6,400 cash dividend. 30 The company purchased $1,800 of additional office supplies on credit. 31 The company paid $800 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 at nces 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). View transaction list Journal entry worksheet 1 2 3 4 5 6 7 8 12 Brooks invested $155,000 cash along with $30,000 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 Recuired 1 Required 2 > Journal entry worksheet 1 12 2 3 4 5 6 7 8 The company prepaid $8,000 cash for six months' rent for an office. Note: Enter debits before credits. Debit Credit Date General Journal Mar 02 Record entry Clear entry View general journal Journal entry worksheet 1 2 3 4 5 12 6 7 8 The company made credit purchases of office equipment for $2,700 and office supplies for $2,400. Payment is due within 10 days. Note: Enter debits before credits. Date General Journal Debit Credit Mar 03 Record entry Clear entry View general journal (Required Required 2 > Journal entry worksheet 1 2 3 4 5 6 7 8 12 The company completed services for a client and immediately received $5,000 cash. Note: Enter debits before credits. Date General Journal Debit Credit Mar 06 Record entry Clear entry View general journal Journal entry worksheet 1 2 3 4 5 6 7 8 12 The company completed a $7,900 project for a client, who must pay within 30 days. Note: Enter debits before credits. Date General Journal Debit Credit Mar 09 Record entry Clear entry View general journal Required Required 2 > Journal entry worksheet 12 1 2 3 4. 5 7 8 6 BE The company paid $5,100 cash to settle the account payable created on March 3. Note: Enter debits before credits. Debit Credit Date General Journal Mar 12 Clear entry View general journal Record entry Required 2 > Journal entry worksheet 1 2 3 4 5 7 6 7 8 12 The company paid $5,100 cash for the premium on a 12-month insurance policy Note: Enter debits before credits. Debit General Journal Date Credit Mar 19 Record entry Clear entry View general journal (Required 1 Required 2 > Journal entry worksheet 1 2 3 4 5 6 7 8 12 > The company received $4,700 cash as partial payment for the work completed on March 9. Note: Enter debits before credits. Date General Journal Debit Credit Mar 22 Record entry Clear entry View general journal Required 1 Required 2 > Journal entry worksheet 1 4 5 6 7 8 9 ... 12 The company completed work for another client for $3,670 on credit. Note: Enter debits before credits. Date General Journal Debit Credit Mar 25 Record entry Clear entry View general journal Journal entry worksheet 1 5 6 7 8 9 10 . 12 The company paid a $6,400 cash dividend. Note: Enter debits before credits. Date General Journal Debit Credit Mar 29 Record entry Clear entry View general journal Journal entry worksheet 1 5 6 7 8 9 10 11 12 The company purchased $1,800 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 > Journal entry worksheet 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 Totals