save Denzel Brooks opened a Web consulting business called Venture Consultants and completed the following transactions in March March 1 Brooks invested $170,000 cash along with $22,000 in office equipment in the company 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 $2,700 and office supplies for $2,500. Payment is due within 10 days. 6 The company completed services for a client and immediately received $5,500 cash. 9 The company completed a $7,800 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 $4,600 cash for the prenium on a 12-month insurance policy. Hint: Debit Prepaid Insurance for $4,600. 22 The company received $4,400 cash as partial payment for the work completed on March 9. 25 The company completed work for another client for $4,328 on credit. 29 The company paid a $4,700 cash dividend. 30 The conpany purchased $1,200 of additional office supplies on credit. 31 The company paid $700 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 Required 2 Required 3 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), orice Equipment (163); Accounts Payable (201); Common Stock (307): Dividends (319), Services Revenue (403); and Utilities Expense (690). View transaction flot 1 Brooks invested $170,000 cash along with $22,000 in office equipment in the company in exchange for common stock. nt i 2 The company prepaid $7,500 cash for six months' rent for an office. 3 The company made credit purchases of office equipment for $2,700 and office supplies for $2,500. Payment is due within 10 days. Cre 4 The company completed services for a client and immediately received $5,500 cash. 5 The company completed a $7,800 project for a client, .........binant Note : journal entry has been entered HA 5 The company completed a $7,800 project for a client, who must pay within 30 days. at 6 The company paid $5,200 cash to settle the account payable created on March 3. 7 The company paid $4,600 cash for the premium on a 12- month insurance policy. Cre 8 The company received $4,400 cash as partial payment for the work completed on March 9. 9 The company completed work for another client for $4,320 on credit. 10 The comnany naid a 44 700 cash dividend Note: journal entry has been entered Record entry Clear entry View gener 9 The company completed work for another client for $4,320 on credit. 10 The company paid a $4,700 cash dividend. Cred 11 The company purchased $1,200 of additional office supplies on credit. 12 The company paid $700 cash for this month's utility bill. epare general journal entries to record these transactions using the following titles: Cash pplies (124); Prepaid Insurance (128); Prepaid Rent (131); Office Equipment (163); Acco widends (319); Services Revenue (403); and Utilities Expense (690). wiew transaction list Journal entry worksheet 1 2 3 4 5 6 7 8 12 > Brooks invested $170,000 cash along with $22,000 in office equipment in the company in exchange for common stock. Note: Enter debits before credits Date General Journal Debit Credit Mar 01 Record entry Clear entry View general journal Required 2 > the journal entries from part 1 to the ledger accounts. 101: Cash 106: Accounts Receivable Debit Credit Balance Date Credit Balance Debit Date 124: Office Supplies Debit Credit 128: Prepaid Insurance Debit Credit Balance Date Balance Date 131: Prepaid Rent Debit Credit 163: Office Equipment Debit Credit Balance Balance Date Date 201: Accounts Payable Debit Credit 307: Common Stock Debit Credit Date Balance Balance Date 319: Dividends Debit Credit Date 403: Services Revenue Debit Credit Balance Date Balance 690: Utilities Expense Debit Credit Date Balance Complete this question by entering your answers in the tabs Required 1 Required 2 Required 3 Prepare a trial balance as of the end of March. VENTURE CONSULTANTS Trial Balance March 31 Debit Credit Totals Required 2