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 $170,000 cash along with $25,000 in office equipment in exchange for common stock. 2 The company prepaid $7,000 cash for six months' rent for an office. (Hint: Debit Prepaid Rent for $7,000.) 3 The company made credit purchases of office equipment for $3,800 and office supplies for $1,900. Payment is due within 10 days. 6 The company completed services for a received $5,000 cash. 9 The company completed a $12,000 project for a client, who must pay within 30 days. 12 The company paid $5,700 cash to settle the account payable created on client and immediately March 3. 19 The company paid $7,200 cash for the premium on a 12-month insurance policy. (Hint: Debit Prepaid Insurance for $7,200.) 22 The company received $4,100 cash as partial payment for the work completed on March 9. 25 The company completed work for another client for $5,400 on credit. 29 The company paid $5,000 cash in dividends. 30 The company purchased $1,800 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. View transaction list Journal entry worksheet 3 4 5 6 7 12 ..... Brooks invested $170,000 cash along with $25,000 in office equipment in exchange for common stock. Note: Enter debits before credits. Date General Journal Debit Credit Mar 01 Record entry Clear entry View general journal 2. Post the journal entries from part 1 to the ledger accounts. 101: Cash 106: Accounts Receivable Credit Date Debit Credit Balance Date Balance Debit 124: Office Supplies 128: Prepaid Insurance Balance Date Credit Credit Balance Debit Date Debit 163: Office Equipment 131: Prepaid Rent Balance Date Debit Credit Balance Debit Credit Date 307: Common Stock 201: Accounts Payable Date Debit Credit Balance Date Debit Credit Balance 319: Dividends 403: Services Revenue Date Debit Credit Balance Debit Credit Balance Date 690: Utilities Expense Date Debit Credit Balance 3. Prepare a trial balance as of the end of March. VENTURE CONSULTANTS Trial Balance March 31 Debit Credit Totals