Problem D-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 $180,000 cash along with $27,000 in office equipment in the company in exchange for common stock. 2 The company prepaid $9,500 cash for six months rent for an office. Hint: Debit Prepaid Rent for $9,500. 3 The company made credit purchases of office equipment for $2,600 and office supplies for $1,400. Payment is due within 10 days. 6 The company completed services for a client and immediately received $3,500 cash. 9 The company completed a $7,400 project for a client, who must pay within 30 days. 12 The company paid $4,000 cash to settle the account payable created on March 3. 19 The company paid $7,600 cash for the premium on a 12-month insurance policy. Hint: Debit Prepaid Insurance for $7,600. 22 The company received $3,500 cash as partial payment for the work completed on March 9. 25 The company completed work for another client for $4,560 on credit. 29 The company paid a $5,800 cash dividend. 30 The company purchased $700 of additional office supplies on credit. 31 The company paid $900 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. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3