y Students (Chapters 01 thru 06) Saved Denzel Brooks opened a Web consulting business called Venture Consultants and completes the following transactions in March. March 1 Brooks invested $170,000 cash along with $23,000 n office equipment in the company in exchange for common stock. 2 The company prepaid $9, see cash for six months' rent for an office. (Hint: Debit Prepaid Rent for $9,500.) 3 The company made credit purchases of office equipment for $2,800 and office supplies for $1,600. Payment is due within 10 days. 6 The company completed services for a client and immediately received 4,000 cash. 9 The company completed a $7,100 project for a client, who must pay within 30 days. 12 The company paid $4,400 cash to settle the account payable created on March 3. 19 The company paid $7,900 cash for the premium on a 12-month insurance policy. (Hint: Debit Prepaid Insurance for $7,900.) 22 The company received $3,900 cash as partial payment for the work completed on March 9. 25 The company completed work for another client for $4,530 on credit. 29 The company paid $6,900 cash in dividends. 30 The company purchased $1,700 of additional office supplies on credit. 31 The company paid $900 cash for this month's utility bin. 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 1 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): Office Equipment (163); Accounts Payable (201); Common Stock (307); Dividends (319); Services Revenue (403); and Utilities Expense (690), View transaction list Journal entry worksheet 2 5 6 7 8 12 Brooks invested $170,000 cash along with $23,000 in office equipment in the company in exchange for common stock PM 1 of 2 Next >