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 invented $195,000 canh along with $26,000 in office equipment in the company. 2 The company prepaid $6,500 cash for wix months rent for an office. Hint: Debit Prepaid Rent for $6,500. 3 The company made credit purchases of office equipment for $5,400 and office supplies for $1,700. Payment is due within 10 days. 6 The company completed services for a client and immediately received $6,500 cash. 9 The company completed a $10,700 project for a client, who must pay within 30 days. 12 The company paid $7.100 cash to settle the account payable created on March 3. 19 The company paid $4,400 cash for the premium on a 12-month Insurance policy. Hint: Debit Prepaid Insurance for $4,400. 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 $4,140 on credit. 29 Brooks withdrew $5,300 cash from the company for personal use. 30 The company purchased $900 of additional office supplies on credit. 31 The company paid $1,400 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): 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