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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
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 2023, its first month of operations:
July | 1 | The owner, Manny Gill, invested $4,600 cash. |
10 | Purchased $2,100 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; $3,100. | |
15 | Completed security services for a graduation event and sent the client a bill for $1,300. | |
31 | The owner withdrew $210 cash for personal use. |
Required: 2. Record the journal entries for the month of July.
4. Prepare a trial balance using the balances in your general ledger accounts. Journal entry worksheet 4 Note: Enter debits before credits. 5. Prepare an income statement, statement of changes in equity, and balance sheet based on your trial balance. \begin{tabular}{|c|} \hline \multicolumn{1}{|c|}{ WEST SECURE } \\ \hline \multicolumn{1}{|c|}{ Income Statement } \\ \hline For Month Ended July 31, 2023 \\ \hline \\ \hline \\ \hline \end{tabular} 1 \& 3. Post the July journal entries into your general ledger accounts. Include the date next to each number posted. Determine the balancesStep by Step Solution
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