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 $5,700 cash. 10 Purchased $3,200 worth of security equipment on credit. 12 Performed security services for a sold-out concert and received $11,000 cash from the client. 14 Paid for expenses; $4,200. 15 Completed security services for a graduation event and sent the client a bill for $1,850. 31 The owner withdrew $320 cash for personal use. Required: 2. Record the journal entries for the month of July.
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 $5,700 cash. 10 Purchased $3,200 worth of security equipment on credit. 12 Performed security services for a sold-out concert and received $11,000 cash from the client. 14 Paid for expenses; $4,200. 15 Completed security services for a graduation event and sent the client a bill for $1,850. 31 The owner withdrew $320 cash for personal use. Required: 2. Record the journal entries for the month of July.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
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 2023, its first month of operations:
July 1 The owner, Manny Gill, invested $5,700 cash.
10 Purchased $3,200 worth of security equipment on credit.
12 Performed security services for a sold-out concert and received $11,000 cash from the
client.
14 Paid for expenses; $4,200.
15 Completed security services for a graduation event and sent the client a bill for
$1,850.
31 The owner withdrew $320 cash for personal use.
Required:
2. Record the journal entries for the month of July.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F705cb093-c9c7-4bb4-a9cc-6f06f459aab2%2F375db421-af6c-49f9-b549-29939e437935%2Fg6n18qa_processed.jpeg&w=3840&q=75)
Transcribed Image Text: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 $5,700 cash.
10 Purchased $3,200 worth of security equipment on credit.
12 Performed security services for a sold-out concert and received $11,000 cash from the
client.
14 Paid for expenses; $4,200.
15 Completed security services for a graduation event and sent the client a bill for
$1,850.
31 The owner withdrew $320 cash for personal use.
Required:
2. Record the journal entries for the month of July.
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