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2 Problem 2-3A (Algo) Preparing and posting journal entries; preparing a trial balance LO A1, P1 Denzel Brooks opened a Web consulting business called Venture Consultants and completed the following transactions in March 15 points Book Pun Heerences March 1 Brooks invested $195,000 cash along with $26,000 in office equipment in the company. March 2 The company prepaid $9,000 cash for six months' rent for an office. Hint Debit Prepaid Rent for $9,000. March 3 The company nade credit purchases of office equipment for $3,800 and office supplies for $2,300. Payment is due within 10 days. March 6 The company completed services for a client and immediately received $5,000 cash. March The company completed a 5,000 project on credit for a client, who must pay within 30 days. March 12 The company paid 16,100 cash to settle the account payable created on March 3. March 19 The company paid $4.600 cash for the premium on a 12-conth insurance policy. Wint: Debit Prepaid Insurance for 54,600 March 22 The company received $3,100 cash as partial payment for the work completed on March 9. March 25 The company completed work for another client for $4,380 on credit. March 29 Brooks withdrew $5,000 cash from the company for personal use. March 30 The company purchased $1.500 of additional office supplies on credit. March 31 The company paid $1,500 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 Complete this question by entering your answers in the tabs below. View transaction list Journal entry worksheet

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