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Exercise 2-9 Journalizin CHECK FIGURES: 4. Total debits = $25,470, 5. Total assets - guard services. West Secure incurred the following transactions during July
Exercise 2-9 Journalizin CHECK FIGURES: 4. Total debits = $25,470, 5. Total assets - guard services. West Secure incurred the following transactions during July 2020, its fir Manny Gill is an entrepreneur who started West Secure, a business that provides a number operations: A July 1 10 12 14 15 31 The owner. Manny Gill, invested $5,200 cash Purchased $2.700 worth of security equipment on credit Performed security services for a sold-out concert and received $12,000 cash from the client Paid for expenses: $3,700 Completed security services for a graduation event and sent the client a bill for $1,600 The owner withdrew $270 cash for personal use Required 1. Set up the following general ledger accounts using either the T-account format or the balans format: Cash, 101; Accounts Receivable, 106; Equipment, 150; Accounts Payable, 201; Man Capital, 301; Manny Gill, Withdrawals, 302; Revenue, 401; Expenses, 501. 2. Record the journal entries for the month of July. 3. Post the July journal entries into your general ledger accounts. Include the date next to eac posted. Determine the balances. 4. Prepare a trial balance using the balances in your general ledger accounts.
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