Required information The following information applies to the questions displayed below.) Denzel Brooks opens a Web consulting business called Venture Consultants and completes the following transactions in March. March 1 Brooks invested $150,000 cash along with $28,000 in office equipment in exchange for common stock. 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 $4,000 and office supplies for $1,200. Payment is due within 10 days. 6 The company completed services for a client and immediately received $6,000 cash. 9 The company completed a $7,400 project for a client, who must pay within 30 days. 12 The company paid $5,200 cash to settle the account payable created on March 3 19 The company paid $6,800 cash for the premium on a 12-month insurance policy. (Hint: Debit Prepaid Insurance for $6,800.) 22 The company received $5,200 cash as partial payment for the work completed on March 9. 25 The company completed work for another client for $4,090 on credit. 29 The company paid $5,700 cash in dividends. 30 The company purchased $1,100 of additional office supplies on credit 31 The company paid $1,400 cash for this month's utility bill. 2. Post the journal entries from part 1 to the ledger accounts. 101: Cash Debit Credit 108: Accounts Receivable Debit Credit Date Balance Date Balance 124: Office Supplies Debit Credit 128: Prepaid Insurance Debit Credit Date Balance Date Balance 131: Prepaid Rent Debit Credit 163: Office Equipment Debit Credit Date Balance Date Balance 201: Accounts Payable Debit Credit 307: Common Stock Debit Credit Date Balance Date Balance 319: Dividends Debit Credit 403: Services Revenue Debit Credit Date Balance Date Balance 690: Utilities Expense Debit Credit Date Balance