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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

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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. rch Brooks invested $195,000 cash along with $21,000 in office equipment in the company in exchange for common stock The company prepaid $6,500 cash for six months' rent for an office. (Hlint Debit Prepaid Rent for $6,50O) 3 The company made credit purchases of office equipment for $3.000 and office supplies for $1,300. Payment is due within 10 days The company completed services for a client and immediately received $5,500 cash The company completed a $12,100 project for a client, who must pay within 30 days The company paid $4,300 cash to settle the account payable created on March 3 The company paid $5,100 cash for the premium on a 12-month insurance policy. (Hint Debit Prepaid Insurance for $5,100) 2 The company received $5400 cash as partial payment for the work completed on March 9 The company completed work for another client for $4,020 on credit The company paid $6,500 cash in dividends The company purchased $1,500 of additional office supplies on credit H The company paid $1,400 cash for this month's utility bill. 1. 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) Journal entry worksheet Brooks invested $195,000 cash ong "th $21,000 in office ewoment in the company in exchange for common stock Nate: Enter

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