Question: need help with everything but general journal Denzel Brooks opens a web consulting business called Venture Consultants and completes the following transactions in March. Using
Denzel Brooks opens a web consulting business called Venture Consultants and completes the following transactions in March. Using the following transactions, record journal entries, create financial statements, and assess the impact of each transaction on the financial statements. Karch 2 Brooks invested 5150,000 cash alopg with $22,000 in office equiptent in the coepany in exehange for eosnon stoek. Karch 2 The coepany prepaid $6,000cash for aix months' reat for an office. The corpany's policy in to record prepaid expenaes in balance sheet accounts. March 3 The company rade eredit parchasen of office equipment for \$3,000 and office supplites for $1,200. Paynent is due within 10 days. March 6 The composy conpleted services for a elient and imnediately received $4,000 cash. Mareb 9 The conpany conpleted a $7,500 project for a elient, who eust pay within 30 days. Mareh 12 The company paid 54,200 eash to settle the account payable ereated on March 3 . March 19 the eospany paid 55,000 casb for the preaium on a 12 -ponth insurance policy. The coctpany" poilicy ia to reeord prepaid expenses in balance sheet accounts. March 22 The company received 53,500 cash as partial payment for the work completed on Mareh 9. March 25 the company completed work for another client for 53,820 on credit. Mareh 29 the company paid $5,100 cash in dividends. Mareh 30 the corpany purchssed $600 of additional oftice supplien on eredit. Mereh 31 the company paid $500 cash for this month's utility bill
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