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Quick Books Exercise 1 Journalizing general journal entries L05 Christina Reis is a photographer who owns Lola Lemon Photography. This is the first month of

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Quick Books Exercise 1 Journalizing general journal entries L05 Christina Reis is a photographer who owns Lola Lemon Photography. This is the first month of operations. The following are the transactions for the month of September. a. On September 1, Reis invested $15,000 cash into her new business. b. On September 12, purchased $2,000 of equipment (cameras) on credit c. On September 13, purchased $500 of equipment (lighting), paying cash. d. On September 18, photographed an engagement session for $1,000; collected cash. e. On September 21, photographed a family session for $700 on credit. f. On September 26. paid $1,000 regarding (b). g. On September 29, collected $300 regarding (e). 2. Prepare the journal entries for the month of September. 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 2017, its first month of operations: 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. 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. Required: 2. Record the journal entries for the month of July. 2. Prepare a trial balance 2. Prepare the journal entries for the month of September. 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 2017, its first month of operations: 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. 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. Required: 2. Record the journal entries for the month of July. 2. Prepare a trial balance

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