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 Karch 1 Brooke Invested $165,000 canh slong with $25,000 in offlce equipment in the company in exchange for eonnop titacks March 2 The eompany prepaid $7,000 canh for six monthn rent for an offlee. Winti bebit Prepald Hent for $7,000. March 3 the company made credit purchases of office equipenent for $4,900 and office supplies for $1,800. Payment is due within 10 days, Mareh 6 The company cospleted services tor a client and inmediately received $6,000 cash. Maroh 9 The company completed a $9,900 project on credit for a cliebt, who must pay within jo days. Karch 12 The company paid $6,700 eash to setele the acoount payable ereated on March 3 . Kareh 19 The company paid $4,900 cash for the premium on a 12-month insurance policy. Ifintr Debit Prepaid -Inaurance for. Mareh 22 The colpany received 56,600 ean an partial payzent for the work coopleted on March 9. Mareh 25 the conpany completed work for another ellent for 55,139 on credit. Mareh 29 The company paid a $4,900 eash dividend. Mareh 30 The company purchaned 5800 of additional office aupplien on credit. jareh 31 the company paid 5600 canh for thin nonth's utility bl11. Required: 1. Prepare general journal entries to record these transactions using the following tities: Cash (tor); Accounts Receivable (106); Office Supplies (124), Prepaid Insurance (128); Prepaid Rent (131); Office Equipment (163); Accounts Payable (201); Common Stock (307). Dividends (319): Services Revenue (403); and Utities Expense (690). 2. Post the joumal entries from part 1 to the ledger accounts. 3. Prepare a trial balance as of the end of March. Journal entry worksheet 23467812 Brooks invested $165,000 cash along with $25,000 in office equipment in the company in exchange for common stock. Note: Enter debits before credits. z= Prepare a trial balance as of the end of March