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 2020, its first month of operations: July 1 The owner, Manny Gill, invested $5,200 cash. 10 Purchased $2,700 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; $3,700. 15 Completed security services for a graduation event and sent the client a bill for $1,600. 31 The owner withdrew $270 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 2020, its first month of operations: July 1 The owner, Manny Gill, invested $5,200 cash. 10 Purchased $2,700 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; $3,700. 15 Completed security services for a graduation event and sent the client a bill for $1,600. 31 The owner withdrew $270 cash for personal use. Required: 2. Record the journal entries for the month of July.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

7.Explain briefly on the misconception about Riba
how do i do PR 13-3A
Q4. What is the meaning of: b. n/eom:
15. Briefly discuss the following: a. Meaning of ARR and reasons for its continued popularity. b. Meaning of IRR and its characteristics.
13 THE 3 PS (PEOPLE. PLANET. PROFIT)
E14.7
7-3 A
E10.15
18 pts Multiple Functions 88 MULTIPLE CHOICE Question 2 ◄ Listen When f(x)=-3x-6 and g(x) = x²-x-6, what is ? A B C f 54 g = 3 fg = -3 x-3x=3 f 51 g = -2x+2; x=1
question G and f.