Required information (The following information applies to the questions displayed below.] a 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 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. 3. Prepare a trial balance as of the end of March. Answer is complete but not entirely correct. Credit 178,000 VENTURE CONSULTANTS Trial Balance March 31 Debit Cash 134,600 Office equipment 28.900 X Common stock Prepaid rent 7,500 Office supplies 1,200 X Accounts payable Services revenue Accounts receivable 6,290 Prepaid insurance 6,800 Dividends 5,700 Utilities expense 1,400 Totals S 192,390 $ 1,100 17,490 196,590