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: July1The owner, Manny Gill, invested $5,500 cash. 10Purchased $3,000 worth of security equipment on credit. 12Performed security services for a sold-out concert and received $12,000 cash from the client. 14Paid for expenses; $4,000. 15Completed security services for a graduation event and sent the client a bill for $1,750. 31The owner withdrew $300 cash for personal use.Prepare a trial balance using the balances in your general ledger accounts.

A trial balance is a bookkeeping worksheet in which the balances of all ledgers are compiled into…

Answered: Manny Gill is an entrepreneur who…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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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 $5,500 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 trial balance using the balances in your general ledger accounts.