Problem 2-3A Preparing and posting journal entries; preparing a trial balance LO C3, C4, A1, P1, P2 Denzel Brooks opened a Web consulting business called Venture Consultants and completed the following transactions in March. March 1 Brooke invested 5155,000 cash along with $23,000 in office equipment in the company in exchange for common stock 2 The company prepaid $7,500 cash for six months' rent for an office. Hint: Debit Prepaid Rent for $7,500. 3 The company made credit purchases of office equipment for $2,800 and office supplies for $1,700. Payment is due within 10 days. The company completed services for a client and immediately received $4,500 cash The company completed a $8,600 project for a client, who must pay within 30 days. 12 The company paid $4.500 cash to settle the account payable created on March 3. The company paid 18,300 cash for the prentun on a 12-month insurance policy. Mint Debit prepaid Insurance for 22 The company received $5,200 cash as partial payment for the work completed on March 25 The company completed work for another client for 54,250 on credit. 29 The company paid a $7,300 cash dividend. 30 The company purchased 5700 of additional office supplies on credit. 31 The company paid 5500 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 (128Prepaid Rent (1314 Office Equipment (163): Accounts Payable 2011: Common Stock (307): Dividends (319) Services Revenue (403and Utilities Expense (690). 2. Post the journal entries from part 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 Prepare general Journal entries to record these transactions using the following titles: Cash (101); Accounts Receivable (106): Orice Supplies (124). Prepaid Insurance (128)Prepaid Rent (131): Omice Equipment (163): Accounts Payable (201). Common Stock (307) Dividends (319): Services Revenue (403); and its Expense (690)