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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 2020, its first month of operations: July 1 The owner, Manny Gill, Invested $5,900 cash. 10 Purchased $3,400 worth of security equipment on credit. 12 Performed security services for a sold-out concert and received $10,000 cash from the client. 14 Paid for expenses: $4,400. 15 Completed security services for a graduation event and sent the client a bill for $1,950. 31 The owner withdrew $340 cash for personal use. Required: 2. Record the journal entries for the month of July. View transaction list Journal entry worksheet < 1 2 3 4 5 6 Record the investment by owner. Note: Enter debits before credits Date July 01, 20201 General Journal Debit Credit 1 & 3. Post the July journal entries into your general ledger accounts. Include the date next to each number posted. Determine the balances. End bal. 101: Cash 150: Equipment End bal 301: Manny Gill, Capital End bal 401: Revenue End bal 106 Accounts Receivable 201: Accounts Payable End bal 302: Manny Gat, Withdrawals End bal 501: Expenses Enthal
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