Manny Gill is an entrepreneur who started West Secure, a business that provides a number of security
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Question:
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 its first month of operations:
July The owner, Manny Gill, invested $ cash.
Purchased $ worth of security equipment on credit.
Performed security services for a soldout concert and received $ cash from the client.
Paid for expenses; $
Completed security services for a graduation event and sent the client a bill for $
The owner withdrew $ cash for personal use.
Required:
Record the journal entries for the month of July.
& Post the July journal entries into your general ledger accounts. Include the date next to each number posted. Determine the balances.
Prepare a trial balance using the balances in your general ledger accounts.
Prepare an income statement, statement of changes in equity, and balance sheet based on your trial balance.
Related Book For
Fundamental Accounting Principles Volume 1
ISBN: 9781259259807
15th Canadian Edition
Authors: Kermit Larson, Tilly Jensen, Heidi Dieckmann
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