Preparing and posting journal entries; preparing a trial balance Kasey Reese opens a consulting business called Cougar Consulting and completes the following transactions in March.
March 1 Reese invested \($150,000\) cash along with \($22,000\) of office equipment in the business.
2 Prepaid \($6,000\) cash for six months’ rent for an office. (Debit Prepaid Rent for \($6,000.\)
3 Made credit purchases of office equipment for \($3,000\) and office supplies for \($1,200\). Payment is due within 10 days.
6 Completed services for a client and immediately received \($4,000\) cash.
9 Completed a \($7,500\) project for a client, who must pay within 30 days.
12 Paid \($4,200\) cash to settle the account payable created on March 3.
19 Paid \($5,000\) cash for the premium on a 12-month insurance policy.
22 Received \($3,500\) cash as partial payment for the work completed on March 9.
25 Completed work for another client for \($3,820\) on credit.
29 Reese withdrew \($5,100\) cash for personal use.
30 Purchased \($600\) of additional office supplies on credit.
31 Paid \($500\) cash for this month’s utility bill.
Required 

1. Prepare general journal entries to record these transactions (use the account titles listed in part 2).
2. Open the following ledger accounts—their account numbers are in parentheses (use the balance column format): Cash (101); Accounts Receivable (106); Office Supplies (124); Prepaid Insurance (128);

Prepaid Rent (131); Office Equipment (163); Accounts Payable QO) Ke Reese Capital (301);
K. Reese, Withdrawals (302); Services Revenue (403); and Utilities Expense (690). Post the journal entries from part 1 to the ledger accounts and enter the balance after each posting.
3. Prepare a trial balance as of the end of March.