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 $195,000 cash along with $21,000 in office equipment in the company.
March 2 The company prepaid $6,000 cash for six months' rent for an office. Hint: Debit Prepaid Rent for $6,000.
March 3 The company made credit purchases of office equipment for $4,900 and office supplies for $1,900. Payment is
due within 10 days.
March 6 The company completed services for a client and immediately received $5,500 cash.
March 9 The company completed a $10,800 project on credit for a client, who must pay within 30 days.
March 12 The company paid $6,800 cash to settle the account payable created on March 3.
March 19 The company paid $4,900 cash for the premium on a 12-month insurance policy. Hint: Debit Prepaid Insurance for
$4,900.
March 22 The company received $4,400 cash as partial payment for the work completed on March 9.
March 25 The company completed work for another client for $3,530 on credit.
March 29 Brooks withdrew $7,500 cash from the company for personal use.
March 30 The company purchased $800 of additional office supplies on credit.
March 31 The company paid $1,100 cash for this month's utility bill.
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