Post the journal entries from part 1 to the ledger accounts 101: Cash 106: Accounts Receivable Debit Credit Balance Date Mar 9 C 11,9000 Mar 22 Mar 25 5,390 Debit Credit Date Mar 1 Mar 2 175,000 8,500166500 172,500 5,400167,100 11,900 4,9007,000 12,390 175,000 @| 6.000 Mar 6 Mar 12 Mar 19 Mar 22 Mar 31 7800159 300 900 163,300 ,900 164,200 124: Office Supplies Debit 128: Prepa Insurance Debit Credit Balance Credit Balance Mar 19 7800 7,800 Mar 3 Mar 30 1300 1,600 1,300 2,900 163: Office Equipment Credit 131: Prepaid Rent Credit Balance Balance Date 27,000 31,100 8,5000 8,500 Mar 1 27 Mar 2 Mar 3 4,100 201: Accounts Payable Credit 301: D. Brooks, Capital Debit Balance Date Balance Date Mar 125,400 5,400) Pre 2 of 2 Next so far. It does not Check my work mode : This shows what is correct or incorrect for the work you have completed 2 Problem 2-3A Preparing and posting journal entries: preparing a trial balance LO C3, C4, A1. P1, P2 Denzel Brooks opened a Web co nsulting business called Venture Consultants and completes the following transactions in March $175, 000 cash along with $27,000 in office equipment in the company fice. (Hint: Debit Prepaid Rent tor $8, 500.) 2 The company prepaid $8, 500 cash tor six months' rent for an of 9 The company made credit purchases of office ecquipment for 54, 100 and off due within 10 days 6 The company completed services tor a client and inamediately received $6,000 cash. 9 The company completed a 11,900 project for a client, who must pay vithin 30 days 12 The company paid $5, 400 cash to settle the account payable created on Harch 3. 19 The company paid $7,800 cash for the premium on a 12-month insurance poli ey. (Hint: Debit Prepaid Insurance for $7,800. 22 The company received $4,900 cash as partial payment for the vork completed on Harch 9. pany completed vork for another client for $5,390 on credit. 29 Brooks withdreu $5, 600 cash fron the company for personal use. 30 The company purchased $1,600 of additional office supplies on credit 31 The company paid $900 cash for Ithis month's utility bill. Required 1. Prepare 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 1to the ledger accounts 3. Prepare a trial balance as of the end of March eneral journal entries to record these transactions using the following titles Cash (101), Accounts Receivable (106), Office 3 Answer is not complete 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 Prepare general journal entries to record these transactions using the titles: Accounts kecelvable (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). tollowing Cash (101); Debit 27,000 175000 Date General Journal Credit 0 Mar 01 Office equipment Cash Mar 02 8,500 Prepaid rent Cash 8,500 Mar 03 4,100 Office equipment Office supplies 1,300 6,000 11900 5,400 7.800 Accounts payable 5,400 Mar 06 Cash Services revenue 6,000 Mar 09 Accounts receivable Services revenue 11,900 Mar 12 Accounts payable Cash 5400 7 Mar 19 Prepaid insurance Cash 7 800 K Prex 2 of 2l 3. Prepare a trial balance as of the end of March & Answer is not complete 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 Cash Accounts receivable Office supplies Prepaid insurance Prepaid rent Office equipment Accounts payable D. Brooks, Capital D. Brooks, Withdrawals Services revenue Utilities expense Totals $ 163,300 | 2.900 7 800 8,500 31,100 3,800) 5,500 23,290 900 251,980 Required 2 Re Cash 6,000 Mar 06 6,000 Services revenue 1190001 O| 0 7,800 Mar 09 Accounts receivable 11,900 Services revenue 5,400 Mar 12 Accounts payable 5,400 Cash Mar 19 Prepaid insurance 7800 Cash 4,900 Mar 22 Cash 4,900 Accounts receivable 5.390 ) Accounts receivable Services revenue Mar 25 5,390 Mar 29 5,600 10 D. Brooks, Withdrawals Office supplies 1,600 Mar 30 1,6000 Accounts payable 900 12 Mar 31 Utilities expense 900 Cash Check my work mode : This shows what is correct or incorrect for the work you have completed so far. It does not indicate co 2 Office Supplies ebit 128: Prepaid Insurance D a edit Balanc Debit redit alance Mar 3 Mar 30 1,300 1300 2,900 Mar 19 7800 7 800 ) 1,600 points 131: Prepaid Rent 163: Office Equipment Debit Date Debit edit alance Da Mar 127000 Mar 3 4,100 te Credit Balanc Mar 2 8,500 8,500 27,000 31,100 201: Accounts Payable Debit 301: D. Brooks, Capita Credit Date Mar 12 Mar 30 Credit Balance Date Debit Balance 5,400 5,400) 1600(3,800) 403: Services Revenue Credit 302: D. Brooks, Withdrawals Date Mar 6 Mar9 ate Debit Credit Balance Debit Balance 6,0006,000 11,90017900 539023 290 Mar 29 5,600 5600 Mar 25 690: Utilities Expense Debit Date Credit Balance Mar 31 900 900 Prey 2 of 2E! Next>