please help me fill in requirement 2
Denzel Brooks opened a Web consulting business called Venture Consultants and completed the following transactions in March March 1 Brooks invested $180,000 cash along with $24,000 in office equipment in the company. 2 The company prepaid $7,500 cash for six months' rent for an office. Want: Debit Prepaid Rent for $7,500. 3 The company made credit purchases of office equipment for 63,200 and office suppliey for $2.500. 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 $8.700 project for a client, who must pay within 30 daya. 22 The company paid $5,700 cash to settle the account payable created on March 3. 19 The company paid $4,600 cash for the premium on 12-month insurance policy. Nintt Debit Prepaid Insurance for $4.600. 22 The company received $3.700 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 Brooks withdrew 96,700 cash from the company tor personal use. 30 The company purchased 9000 of additional orice supplies on credit. 31 The company paid $1.000 cash for this month 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) D Brooks, Capital (301).D. Brooks, Withdrawals (302), 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 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): D. Brooks, Capital (301); D. Brooks, withdrawals (302); Services Revenue (403): and Utilities Expense (690). View transaction list View journal entry worksheet No Date Mar 01 General Journal Debit Credit 1 Cash Office equipment D. Brooks, Capital 180.000 24,000 204,000 2 Mar 02 Prepaid rent Cash 7,500 7.500 3 Mar 03 Office equipment Office Supplies Accounts payable 3,200 2,500 5,700 2 4 Mar 06 Cash Services revenue 4,500 4,500 5 Mar 09 Accounts receivable Services revenue 8,700 8,700 6 Mar 12 Accounts payable Cash 5.700 5,700 7 Mar 19 Prepaid insurance Cash 4,600 4,600 8 Mar 22 Cash Accounts receivable 3.700 3.700 3 Mar 03 Office equipment Office supplies Accounts payable 3,200 2,500 5,700 4 Mar 06 4,500 Cash Services revenue 4,500 5 Mar 09 8,700 Accounts receivable Services revenue 8,700 6 Mar 12 Accounts payable Cash 5,700 5,700 7 Mar 19 Prepaid insurance Cash 4,600 4,600 8 Mar 22 Cash Accounts receivable 3,700 3,700 9 Mar 25 Accounts receivable Services revenue 3,670 3,670 10 Mar 29 D. Brooks, Withdrawals Cash 6,700 6,700 11 Mar 30 Office supplies Accounts payable 800 800 12 Mar 31 Utilities expense Cash 500 500 Required 2 > Required 1 Required 2 Required 3 Post the journal entries from part 1 to the ledger accounts. 101: Cash Debit Credit 106: Accounts Receivable Debit Credit Date Balance Date Balance Mar 1 Mar 12 Mar 19 Mar 2 124: Ollice 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 Payablo Debit Credit 301: D. Brooks, Capital Debit Credit Date Balance Date Balance Mar 19 Mar 2 124: Office Supplies Debit Credit Date Balance 128: Prepaid Insurance Debit Credit Date Balance 131: Prepaid Rent Debit Credit Dato 163: Office Equipment Debl Credit Balance Date Balance 201: Accounts Payable Debit Credit Date 301: D. Brooks, Capital Debit Credit Balance Date Balance 302: D. Brooks, Withdrawals Debit Credit Date Balance 403: Services Revenue Debit Credit Date Balance 690: Utilities Expense Debit Credit Dato Balance
