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 $$4,900$ cash.

$10$ Purchased $$2,400$ 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; $$3,400.$

$15$ Completed security services for a graduation event and sent the client a bill for $$1,450.$

$31$ The owner withdrew $$240$ cash for personal use.

Required:

$2.$ Record the journal entries for the month of July.

$1$ & $3.$ Post the July journal entries into your general ledger accounts. Include the date next to each number posted. Determine the balances.

$4.$ Prepare a trial balance using the balances in your general ledger accounts.

$5.$ Prepare an income statement, statement of changes in equity, and balance sheet based on your trial balance.