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, it first month of operations:

July 1 - The owner, Manny Gill, invested $5200 cash.

July 10 - Purchased $2700 worth of security equipment on credit.

July 12 - Performed security services for a sold-out concert and received $12000 cash from the client.

July 14 - Paid for expenses; $3700

July 15 - Completed security services for a graduation event and sent the client a bill for $1600.

July 31 - The owner withdrew $270 cash for personal use.

REQUIRED:

1. Use the transactions above to prepare a General Journal as at July 31, 2020.

The account number for the respective accounts are as follows:

Cash, 101; Accounts Receivable, 106; Equipment, 150; Accounts Payable, 201; Manny Gill, Capital, 301; Manny Gill, Withdrawals, 302; Revenue, 401; Expenses,

2. Post the July journal entries into your General Ledger. Include the dates, account numbers and post reference numbers. Determine the balances.

3. Prepare a Trial Balance using the balances in your general ledger accounts.