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Exercise 2-9 Journalizing, posting, preparing a trial balance, and financial statements LO3, 5, 6 CHECK FIGURES: 4. Total debits = $25,470; 5. Total assets =

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Exercise 2-9 Journalizing, posting, preparing a trial balance, and financial statements LO3, 5, 6 CHECK FIGURES: 4. Total debits = $25,470; 5. Total assets = $17,530 Manny Gill is an entrepreneur who started West Secure, a business that provides a number of security guard services. West Secure incurred the following transactions during July 2020, its first month of operations: 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 Set up the following general ledger accounts using either the T-account format or the balance column formatCash, 101; Accounts Receivable, 106; Equipment, 150; Accounts Payable. 201: Manny Gill. Capital, 301; Manny Gill, Withdrawals, 302; Revenue, 401; Expenses. 501 tries into your general ledger accounts. Include the date next to each number 2. Record the journal entries for the month of July. 3. Post the July journal entries into your general ledger accounts posted. Determine the balances. 4. Prepare a trial balance using the balances in your general ledger acer West Secure Trial Balance July 31, 2020 Account Title Acct. No. Debit Credit uity, and balance sheet based on your trial 5. Prepare an income statement, statement of changes in equity, and balance

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