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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 during July $2023,$ 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.

$40$

$12$ Performed security services for a sold$-$out concert and received $$10,000$ cash from the

points client.

$14$ Paid for expenses; $$3,500.$

$15$ Completed security services for a graduation event and sent the client a bill for $$1,650.$

$31$ The owner withdrew $$250$ cash for personal use.

References

Required:

$2.$ Record the journal entries for the month of July.

Journal entry worksheet

$1$

$2$

$3$

$4$

$5$

$6$

$1$&$3.$ Post the july journal entries into your general ledger accounts. Include the date next to each number posted. Determine the balances.

$101$: cash

$106$ : account receivable

$150$: Equipment

$201$: Accounts payable

$301$: Manny gill, capital

$302$: Manny gill withdrawals

$401$: Revenue

$501$: Expenses

$4.$ Prepare a trial balance using the balances in your general ledger accounts

WEST SECRE

Trial balance

July $31,2023$

$5.$Prepare an income statement, statement of changes in equity, and balance sheet based on your trail balance.

WEST SECURE

Income statement

For month ended july $31,2023$

WEST SECRE

Statement of changes in Equity

For month ended july $31,2023$

WEST SECURE

Balance sheet

July $31,2023$