Denzel Brooks opens a Web consulting business called Venture Consultants and completes the following transactions in March.
Brooks invested $155,000 cash along with $30,000 in office equipment in the company.
The company prepaid $6,500 cash for six months' rent for an office. (Hint: Debit Prepaid Rent for $6,500.)
The company made credit purchases of office equipment for $4,600 and office supplies for $1,100. Payment is due within 10 days.
The company completed services for a client and immediately received $4,500 cash.
The company completed a $10,000 project for a client, who must pay within 30 days.
The company received $3,800 cash as partial payment for the work completed on March 9.
Prepare general journal entries to record these transactions using the following titles:
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