Question: March Check my work View previous step Opened a Web consulting business called Venture Consultants and completed the following transactions in March 1 Brooks invested

 March Check my work View previous step Opened a Web consulting

March Check my work View previous step Opened a Web consulting business called Venture Consultants and completed the following transactions in March 1 Brooks invested $160,000 cash along with 328,60 in office equipment in the company 2 The company prepaid $8,500 cash for six months' rent for an office. Hint: Debit Prepaid Rent for 53,500 3 The company made credit purchases of office equipment for 54,500 and office supplies for $2,440. Payment is that within 10 days. 6 The company completed services for a client and immediately received $3,500 cash. 9 The company completed a $8,700 project for a client, who must pay within 30 days. 12 The company paid $6,900 cash to settle the account payable created on March 3. 19 The company paid $5,500 cash for the premium on a 12 month insurance policy. Mint: Debit Prepaid insurance for $5,00 22 The company received $5,200 cash as partial payment for the work completed on March 9. 25 The company completed work for another client for 53,610 on credit. 29 Brooks withdrew $5,200 cash from the company for personal use. 30 The company purchased $1,100 of additional office supplies on credit. 31 The company paid $100 cash for this month's utility bill. Required: 1. Prepare general journal entries to record these transactions using the following titles. Cash 01)Accounts Receivable (100) Office Supplies (124), Prepaid Insurance (128); Prepaid Rent (131) Office Equipment (163) Accounts Payable (201, D. Brooks, Capital (300), 0. 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

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