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Denzel Brooks opened a Web consulting business called Venture Consultants and completed the following transactions...

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Accounting

Denzel Brooks opened a Web consulting business called Venture Consultants and completed the following transactions in March. March 1 Brooks invested $185,000 cash along with $21,000 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 $3,300 and office supplies for $1,400. Payment is due within 10 days. March 6 The company completed services for a client and immediately received $6,500 cash. March 9 The company completed a $7,800 project on credit for a client, who must pay within 30 days. March 12 The company paid $4,700 cash to settle the account payable created on March 3. March

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