Manny Gill is an entrepreneur who started West Secure, a business that provides number of security guard services, West Secure incurred the following transactions during July 2017, its first month of operations July 1 st The owner, Manny Gill invested $ 5,000 cash 10 th Purchased $ 2,500 worth of security equipment on credit 12 th Performed security services for a sold out concert and received $ 10,000 cash 14 th Paid for expenses $ 3,500 15 th Completed security services for a graduation event and sent the client a bill for $ 1,500 31 st The owner withdrew $ 250 cash for personal use Required 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 Record the journal entries for the month of July Post the journal entries to general ledger accounts and determine the balances Prepare a trial balance, income statement, statement of changes in equity and balance sheet

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Manny Gill is an entrepreneur who started West Secure, a business that provides number of security guard services, West Secure incurred the following transactions during

Manny Gill is an entrepreneur who started West Secure, a business that provides number of security guard services, West Secure incurred the following transactions during July 2017, its first month of operations.

July 1^st	The owner, Manny Gill invested $ 5,000 cash.
10^th	Purchased $ 2,500 worth of security equipment on credit
12^th	Performed security services for a sold out concert and received $ 10,000 cash
14^th	Paid for expenses $ 3,500
15^th	Completed security services for a graduation event and sent the client a bill for $ 1,500
31^st	The owner withdrew $ 250 cash for personal use

Required:

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.

Record the journal entries for the month of July.

Post the journal entries to general ledger accounts and determine the balances.

Prepare a trial balance, income statement, statement of changes in equity and balance sheet.