Manny Gill Is an entrepreneur who started West Secure, a business that provides a number of securlty guard services. West Secure Incurred the following transactions during July 2023 , its first month of operations: July 1 The owner, Manny Gill, invested $4,700 cash. 10 Purchased $2,200 worth of security equipment on credit. 12 Performed security services for a sold-out concert and received $11,000 cash from the client. 14 Paid for expenses; $3,200. 15 completed security services for a graduation event and sent the client a bill for $1,350. 31 The owner withdrew $220 cash for personal use. Requlred: 2. Record the Journal entrles for the month of July. Journal entry worksheet Note: Enter debits before credits. 1\& 3. Post the July Journal entrles 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. Bruce lbach owns Blotech Fitness Centre, which showed the following selected transactions for the month ended May 31 , 2023: May 1 Purchased new equipment, paying cash of $14,680 and signing a 90 -day note payable for the balance of $38,000. 2 Purchased 12 months of insurance to begin May 2; paid $27,600. 3 completed a fitness contract for a group of clients today and received $6,680. 4 Purchased office supplies on account; $4,050. 6 Returned to the supplier $810 of defective office supplies purchased on May 4 . 10 Provided services to a client today on account; $12,100. 15 Paid for the May 4 purchase less the return of May 6. 20 Received payment from the client of May 10. 25 Received cash of $3,100 from a client for work to be done in June. 31 Paid month-end salaries of $53,800. 31 Paid the May telephone bill today; $2,550. 31 Received the May electrical bill today; $3,700. It will be paid on June 15. Required: Prepare journal entrles for each of the above transactions. Journal entry worksheet Record the purchase of new equipment, paying cash of $14,600 and signing a 90 -day note payable for the balance of $38,000. Note: Enter debits before credits. Wilm Schmidt, the owner of Wilm's Window Washing Services, had difficulty getting the debits to equal credits on the January 31,2023 , trial bolance. The following errors were discovered: a. Schmidt did not post a $3,300 purchase of equipment on credit. b. In posting a $2,100 collection from a credit customer, Schmidt debited Accounts Receivable and credited Cosh. c. In posting o cosh receipt, Schmidt correctly debited Cosh for $2,680 but incorrectly credited Accounts Receivoble for $8,230. d. In posting o $6,450 poyment on sccount, Schmidt debited Accounts Poyoble but forgot to post the credit to Cosh. e. In posting the entry for services of $3,200 performed for o customer on credit, Schmidt debited Accounts Receivoble but credited Maintenance Expense. Required: Prepore a corrected trial balance