POSTZ 1 Problem 2-3A Preparing and posting journal entries; preparing a trial balance LO C3, C4, A1, P1, P2 Denzel Brooks opened a Web consulting business called Venture Consultants and completed the following transactions in March. March 1 Brooks invested $160,000 cash along with $29,000 in office equipment in the company. 2 The company prepaid $7,500 cash for six months' rent for an office. Hint: Debit Prepaid Rent for $7,500. 3 The company made credit purchases of office equipment for $5,300 and office supplies for $1,900. Payment is within 10 days. 6 The company completed services for a client and immediately received $4,000 cash. 9 The company completed a $9,800 project for a client, who must pay within 30 days. 12 The company paid $ 7,200 cash to settle the account payable created on March 3. 19 The company paid $8,200 cash for the premium on a 12-month insurance policy. Hint: Debit Prepaid Insurance $8,200. 22 The company received $5,300 cash as partial payment for the work completed on March 9. 25 The company completed work for another client for $5,150 on credit. 29 Brooks withdrew $7,300 cash from the company for personal use. 30 The company purchased $1,000 of additional office supplies on credit. 31 The company paid $500 cash for this month's utility bili. Required: - Prepare general journal entries to record these transactions using the following titles: Cash (101); Accounts Receivable (106); upplies (124); Prepaid Insurance (128); Prepaid Rent (131); Office Equipment (163); Accounts Payable (201); D. Brooks, Capital (30 rooks, Withdrawals (302); Services Revenue (403); and Utilities Expense (690). Post the journal entries from part 1 to the ledger accounts. Prepare a trial balance as of the end of March. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 epare general journal entries to record these transactions using the following titles: Cash (101); Accounts Receivable (106); Off upplies (124); Prepaid Insurance (128); Prepaid Rent (131); Office Equipment (163); Accounts Payable (201); D. Brooks, Capita 01); D. Brooks, Withdrawals (302); Services Revenue (403); and Utilities Expense (690). View transaction list Journal entry worksheet MacBook Pro