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 $5,500 cash. 10 Purchased $3,000 worth of security equipment on credit.
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 $5,500 cash. 10 Purchased $3,000 worth of security equipment on credit.
Chapter6: Business Expenses
Section: Chapter Questions
Problem 22P
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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 2023, its first month of operations:
July | 1 | The owner, Manny Gill, invested $5,500 cash. |
10 | Purchased $3,000 worth of security equipment on credit. | |
12 | Performed security services for a sold-out concert and received $12,000 cash from the client. | |
14 | Paid for expenses; $4,000. | |
15 | Completed security services for a graduation event and sent the client a bill for $1,750. | |
31 |
The owner withdrew $300 cash for personal use. Prepare a |
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