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Denzel Brooks opens a Web consulting business call...




Denzel Brooks opens a Web consulting business called Venture Consultants and completes the following transactions in March: March 1 Brooks invested $190,000 cash along with $21,000 of office equipment in the company in exchange for its common stock. 2 The company prepaid $8,000 cash for six months' rent for an office. (Hint: Debit Prepaid Rent for $8,000.) 3 The company made credit purchases of office equipment for $2,900 and office supplies for $1,200. Payment is due within 10 days. 6 The company completed services for a client and immediately received $4,500 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 $6,700 cash for the premium on a 12-month insurance policy. 22 The company received $3,500 cash as partial payment for the work completed on March 9. 25 The company completed work for another client for $4,790 on credit. 29 The company paid $5,300 cash for dividends. 30 The company purchased $2,000 of additional office supplies on credit. 31 The company paid $1,500 cash for this month's utility bill. 2. value: 10 points Requirement 1: Prepare general journal entries to record these transactions. (Omit the "$" sign in your response.) Date General Journal Debit Credit Mar. 1 2 3 6 9 12 19 22 25 29 30 31 ________________________________________,Here is the file attached. If the answers good, then i will place more order soon the.


Paper#4899 | Written in 18-Jul-2015

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