| Denzel Brooks opens a Web consulting business called Venture Consultants and completes the following transactions in March. |
| March 1 | Brooks invested $180,000 cash along with $22,000 in office equipment 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 $1,300. Payment is due within 10 days. |
| 6 | The company completed services for a client and immediately received $6,000 cash. |
| 9 | The company completed a $12,100 project for a client, who must pay within 30 days. |
| 12 | The company paid $4,100 cash to settle the account payable created on March 3. |
| 19 | The company paid $7,000 cash for the premium on a 12-month insurance policy. (Hint: Debit Prepaid Insurance for $7,000.) |
| 22 | The company received $5,400 cash as partial payment for the work completed on March 9. |
| 25 | The company completed work for another client for $5,170 on credit. |
| 29 | The company paid $4,900 cash in dividends. |
| 30 | The company purchased $500 of additional office supplies on credit. |
| 31 | The company paid $900 cash for this month's utility bill. Prepare Journal entries, Ledger accounts and Trial Balance Click Here For More Details on How to Work on this Paper…… Need a Professional Writer to Work on this Paper and Give you a 100 % Original Paper? Click Here and Get this Essay Done……………… |
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