guard services. West Secure incurred the following transactions during July 2023, its first month of operations: July 1 The owner, Manny Gill, invested $5,600 cash. 10 Purchased $3,100 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; $4, 100. 15 Completed security services for a graduation event and sent the client a bill for $1,800. 31 The owner withdrew $310 cash for personal use. Required: Prepare an income statement, statement of changes in equity, and bě \table [[WEST SECURE], [Income Statement,], [ For Month Ended July 31, 2023,, ], [Revenue, S, 11, 800], [Expenses, 0, (4,100) 5. Prepare an income statement, statement of changes in equity, and b WEST SECURE Income Statement For Month Ended July 31, 2023 $ Revenue Expenses X 11,800 (4,100)

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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guard services. West Secure incurred the following transactions during July 2023, its first month of
operations: July 1 The owner, Manny Gill, invested $5,600 cash. 10 Purchased $3,100 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; $4, 100. 15 Completed security services for a graduation event and
sent the client a bill for $1,800. 31 The owner withdrew $310 cash for personal use. Required: Prepare an
income statement, statement of changes in equity, and bě \table [[WEST SECURE], [Income Statement,], [
For Month Ended July 31, 2023,, ], [Revenue, S, 11, 800], [Expenses, 0, (4,100)
d
5. Prepare an income statement, statement of changes in equity, and ba
WEST SECURE
Income Statement
For Month Ended July 31, 2023
$
Revenue
Expenses
X
11,800
(4,100)
X
Transcribed Image Text:guard services. West Secure incurred the following transactions during July 2023, its first month of operations: July 1 The owner, Manny Gill, invested $5,600 cash. 10 Purchased $3,100 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; $4, 100. 15 Completed security services for a graduation event and sent the client a bill for $1,800. 31 The owner withdrew $310 cash for personal use. Required: Prepare an income statement, statement of changes in equity, and bě \table [[WEST SECURE], [Income Statement,], [ For Month Ended July 31, 2023,, ], [Revenue, S, 11, 800], [Expenses, 0, (4,100) d 5. Prepare an income statement, statement of changes in equity, and ba WEST SECURE Income Statement For Month Ended July 31, 2023 $ Revenue Expenses X 11,800 (4,100) X
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