Question
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 =
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 The owner, Manny Gill, invested $5,200 cash. 10 Purchased $2,700 worth of security equipment on credit. 12 Performed security services for a sold-out concert and received $12,000 cash from the client. 14 Paid for expenses; $3,700. 15 Completed security services for a graduation event and sent the client a bill for $1,600. 31 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 balance column format: Cash, 101; Accounts Receivable, 106; Equipment, 150; Accounts Payable, 201; Manny Gill, 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 each number
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