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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 $4,100 cash. |
10 | Purchased $1,600 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; $2,600. | |
15 | Completed security services for a graduation event and sent the client a bill for $1,050. | |
31 | The owner withdrew $160 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.
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