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Questions are listed in the attached images. Denzel Brooks opens a Web consulting business called Venture Consultants and completes the following transactions in March. 1.

Questions are listed in the attached images.

Denzel Brooks opens a Web consulting business called Venture Consultants and completes the following transactions in March.

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. Open the ledger accounts for the account titles referred in part 1 and post the journal entries from part 1 to the ledger accounts.

3. Prepare a trial balance as of the end of March.

March 1

Brooks invested $175,000 cash along with $23,000 in office equipment in the company in exchange for common stock.

2

The company prepaid $6,500 cash for six months' rent for an office. (Hint:Debit Prepaid Rent for $6,500.)

3

The company made credit purchases of office equipment for$4,100and officesupplies for $1,300. Payment is due within 10 days.

6

The company completed services for a client and immediately received$5,500cash.

9

The company completed a $9,600 project for a client, who must pay within 30days.

12 The company paid $5,400 cash to settle the account payable created on March 3.
19

The company paid $4,900 cash for the premium on a 12-month insurancepolicy. (Hint:Debit Prepaid Insurance for $4,900.)

22

The company received $3,600 cash as partial payment for the work completed on March 9.

25 The company completed work for another client for $5,430 on credit.
29 The company paid $7,000 cash in dividends.
30 The company purchased $1,100 of additional office supplies on credit.
31

The company paid $1,000 cash for this month's utility bill.

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