ook rint erences Denzel Brooks opened a Web consulting business called Venture Consultants and completed the following transactions in March. March 1 Brooks invested $180,000 cash along with $28,000 in office equipment in the company. March 2 The company prepaid $7,000 cash for six months' rent for an office. Hint: Debit Prepaid Rent for $7,000. March 3 The company made credit purchases of office equipment for $3,000 and office supplies for $1,200. Payment is due within 10 days. March 6 The company completed services for a client and immediately received $6,000 cash. March 9 The company completed a $8,700 project on credit for a client, who must pay within 30 days. March 12 The company paid $4,200 cash to settle the account payable created on March 3. March 19 The company paid $7,300 cash for the premium on a 12-month insurance policy. Hint: Debit Prepaid Insurance for $7,300. March 22 The company received $4,800 cash as partial payment for the work completed on March 9. March 25 The company completed work for another client for $4,170 on credit. March 29 Brooks withdrew $7,100 cash from the company for personal use. March 30 The company purchased $1,900 of additional office supplies on credit. March 31 The company paid $1,200 cash for this month's 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. Chec

Denzel Brooks opened a Web consulting business called Venture Consultants and completed the following transactions in March. Mareh 1. Brooks invested $180,000 cash along with $25,000 in of iee equiptent in the conpany. March 2 The company prepaid 57,000 cask for six nonths rent for an office. Hint: Debit Prepaid Rent for $7,000. Marel 3 The company nade eredit purahases of office equipeent for $3,000 and office supplies tor $1,200. Payment is due within 10 days. Mareh 6 The conpany completed services for a elient and imnediately received 56,000 eash. March 9 The conpany coopleted a $5,700 protect on credit for a eliont, who must pay within 30 days. March 12 The corpany pald $4,200 cash to settle the aceount payable created on March 3 . Mareh 19 The coopany paid $7,300 cash for the prenium on a 12-month lasurance policy. Hiat: Debit prepaid fnacrance for 57.300. March 22 The dompany recelved $4, a00 cash as pattlal payment for the work completed oe Mareh 9. March 25 the corpany conpleted work for another dlient for $4,170 on credit. Mareh 29 Brooks vithdrew $7,100 cash fron the coepany for personal use. Mareh 30 The company purchased $1,900 of additionsl office applies on eredit. Mareh 31 The coepany paid $1,200 casb for thit month's utility bil. Required: 1. Prepare general journal entries to record these transactions using the following tities: Cash (101): Accounts Receivable (106): Office Supplies (124): Prepoid Insurance (128): Prepoid Rent (131): Office Equipment (163): Accounts Payable (20t): 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 occounts. 3. Prepare a trial balance as of the end of March