Paste Clipboard L41 6 7 8 9 10 B I U v Ready fx Font 125C Is A Accessibility: Good to go FAI_Assignment 1 Mostly cloudy v 12 S 01 Search Alignment A 1 14 1 2 3 Manny Gill is an entrepreneur who started West Secure, a business that provides a number of security guard services. 4 West Secure incurred the following transactions during July 2017, its first month of operations: 5 15 Completed security services for a graduation event and sent the client a bill for $1,500. 31 The owner withdrew $250 cash for personal use. Given Data July 1 The owner, Manny Gill, invested $5,000 cash. 10 Purchased $2,500 worth of security equipment on credit. 12 Performed security services for a sold-out concert and received $10,000 cash from the client. 14 Paid for expenses; $3,500. FS $ % 11 12 13 Required 14 1. 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). 2. Record the journal entries for the month of July. V alcal .00 Number 15 16 17 18 3. Post the July journal entries into your general ledger accounts. Include the date next to each number posted. Determine the balances. 19 4. Prepare a trial balance using the balances in your general ledger accounts. 20 5. Prepare the financial statements from your trial balance + 5 24 Format as Table Cell Styles Styles KOORUI B