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Denzel Brooks opened a Web consulting business called Venture Consultants and completes the following transactions in March. March 1 Brooks invested $185,000 cash along with $30,000 in office equipment in the company 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 $5,000 and office supplies for $1,200. Payment is due within 10 days. 6 The company completed services for a client and immediately received $5,000 cash. 9 The company completed a $10,200 project for a client, who must pay within 30 days. 12 The company paid $6,200 cash to settle the account payable created on March 3. 19 The company paid $4,200 cash for the premium on a 12-month insurance policy. (Hint: Debit Prepaid Insurance for $4,200.) 22 The company received $4,000 cash as partial payment for the work completed on March 9. 25 The company completed work for another client for $5,030 on credit. 29 Brooks withdrew $5,600 cash from the company for personal use. 30 The company purchased $1,400 of additional office supplies on credit. 31 The company paid $900 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); D. Brooks, Capital (301); D. Brooks, Withdrawals (302); 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 Required 1 2 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); Office Equipment (163); Accounts Payable (201); D. Brooks, Capital (301); D. Brooks, Withdrawals (302); Services Revenue (403); and Utilities Expense (690). View transaction list Journal entry worksheet VENTURE CONSULTANTS Trial Balance March 31 Debit Credit Totals