(Solved): Denzel Brooks opened a Web consulting business called Venture Consultants and completed the follow ...

Denzel Brooks opened a Web consulting business called Venture Consultants and completed the following transactions in March. March 1 Brooks invested $\$195,000$ cash along with $\$23,000$ in office equipment in the company in exchange for common stock. March 2 The company prepaid $\$8,500\mathrm{cash}$ for six months' rent for an office. Hint: Debit Prepaid Rent for \$8,500. March 3 The company made credit purchases of office equipment for $\$4,400$ and office supplies for $\$1,100$. Payment is due within 10 days. March 6 The company completed services for a client and immediately received $\$4,000$ cash. March 9 The company completed a $\$9,600$ project on credit for a client, who must pay within 30 days. March 12 The company paid $\$5,500$ cash to settle the account payable created on March 3. March 19 The company paid $\$4,500$ cash for the premium on a 12-month insurance policy. Hint: Debit Prepaid Insurance for $\$4,500$. March 22 The company received $\$3,300$ cash as partial payment for the work completed on March 9. March 25 The company completed work for another client for $\$4,930$ on credit. March 29 The company paid a $\$5,100$ cash dividend. March 30 The company purchased $\$1,800$ of additional office supplies on credit. March 31 The company paid $\$1,500$ 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 Complete this question by entering your answers in the tabs below. 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 $\begin{array}{llllllllll}2& 3& 4& 5& 6& 7& 8& \dots & 12& >\end{array}$ Brooks invested $\$195,000$ cash along with $\$23,000$ in office equipment in the company in exchange for common stock. Note: Enter debits before credits. 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. Prepare a trial balance as of the end of March.