2-3A (Algo) Preparing and posting journal entries; preparing a trial balance LO A1, P1 Denzel Brooks opened a Web consulting business called Venture Consultants and completed the following transactions in March. March 1 Brooks invested $185, 000 cash along with $24,000 in office equipment in the company. March 2 The company prepaid $8,500 cash for six months' rent for an office, Mine Debit Prepaid Rent for $8,500, March 3 The company made credit purchases of office equipment for $3,900 and office supplies for $1,600. Payment in the within 10 days. March 6 The company completed services for a client and immediately received $3,500 ca March 9 The company completed a $12.400 project on credit for client, who must pay within 30 days. March 12 The company paid $5,500 cash to settle the account payable crested on March 3 March 19 The company paid $4, 300 cash for the premium on a 12-month Insurance policy. nt: Debit Prepaid Insurance for $4,300, March 22 The company received 34, 900 cash as partial payment for the work completed on March 9. March 25 The company completed work for another client for $1,600 on credi March 29 Brooks withdrew $6, 200 cash from the company for personal use, March 30 The company purchased $1,700 of additional office supplies on credi March 31 The company paid $700 cash for this month' a 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. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare a trial balance as of the end of March. VENTURE CONSULTANTS Trial Balance March 31 Totals Debit Credit $ 0 $ 0