8 Problem 2-3A Preparing and posting journal entries, preparing a trial balance LO C3, C4, A1, P1, P2 15 Denzel Brooks opened a Web consulting business called Venture Consultants and completes the following transactions in March ebook March 1 Brooks invested $100,000 cash along with $28,000 in office equipment in the company. ? The company prepaid $8,000 cash for six months' rent for an office. (Hint: Debit Prepaid Rent for $8,000.) The company made credit purchases of office equipment for $4,500 and office supplies for $1,300. Payment is due within 10 days. The company completed services for a client and immediately received $3,500 cash. The company completed a $11,300 project for a client, who must pay within 30 days. 12 The company paid 56,100 cash to settle the account payable created on March 3. 19 The company paid $5,000 cash for the premium on a 12-month insurance policy. (Hint: Debit Prepaid Insurance for $5,000.) 2 The company received 54,400 cash as partial payment for the work completed on March 9. 25 The company completed work for another client for $4,670 on credit. Brooks withdrew $4,600 cash from the company for personal use. 30 The company purchased $1,100 of additional office supplies on credit. 31 The company paid $1,400 cash for this month's utility bill. References 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 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); D. Brooks, Capital (301); D. Brooks, Withdrawals (302); Services Revenue (403); and Utilities Expense (690)