come to your first day of cleAlgoma UniversityBMcGraw Hill Connect - ADMN: XO Question 1- Assignment 2- ChO Shared video - CH01 - Dynamii ezto.mheducation.com map/index.htmi?.con-condexternalLbrowser=0&launchlirlehtips253A252F2SZFlms.miheducation.com252FmghmiddeAssignment 2- Ch 2 ASaved1Manny Gill is an entrepreneur who started West Secure, a business that provides a number of security guard services. West Secureincurred the following transactions during July 2020, its first month of operations:July 1 The owncr, Hanny Gill, invested $4,900 cash.10 Purchased $2,400 worth of security equipment on credit.12 Performed security services for a sold-out concert and received $12,000 cash from theclient.14 Paid for expenses; $3,400.15 Completed security services fora graduation event and sent the client a bill for$1,150.31 The owncer withdrew $240 Cash for personal use.40pointsPrintRequired:2 Record the journal entries for the month of JulyView transaciion listJournal entry worksheet34.6Record the investment by ownerNote: Enter debits before credits.DateGeneral JourmalDebitCreditJuly 01. 2020McGrawHillPrev1 of 4Next >ADMN 1016 AssidocrADMN 1016 Assi.dogI ADMN 1016 Assi.docxADMN 1016 Assi.docxADMN 1016 Ass.docx60 O no m come to your first day of clAlgoma UniversityB McGraw Hill Connect - ADMNCea ezto.mheducation.com8 Question 3 - Assignment 2 - ChO Shared video - CH01 - DynamiAssignment 2- Ch 2SavedHelpSave &Elizabeth Wong has strong problem-solving skills and loves to work with people. After becoming a Certified Human ResourcesProfessional (CHRP) and working for several companies, she opened her own business, HR Solutions. She completed the followingtransactions during May 2020:May 1 Invested $77,0ee in cash and office equipment that had a fair value of $50,000 in thebusiness.1 Prepaid $15,000 cash for three months' rent for an office.2 Made credit purchases of office equipment for $25,000 and office supplies for $5,000.6 Completed a report on hiring solutions for a client and collected $8, 200 cash.9 Completed a $16,200 project implementing a training program for a client, who will paywithin 30 days.10 Paid half of the account payable created on May 2.19 Paid $7,700 cash for the annual premium on an insurance policy.22 Received $13,000 as partial payment for the work completed on May 9.25 Developed a performance review process for another client for $5,480 on credit.25 Paid wages for May totalling $35,000.31 withdrew $5,200 cash from the business to take a trip to Paris in June.31 Purchased $1,700 of additional1 office supplies on credit.31 Paid $1,420 for the40polntsPrintutility bill.Required:1. Prepare journal entries to record the transactions.View transaction listJournal entry worksheet13<>6 78 .....34 51Record the investment of $77,000 in cash and office equipment that had a fairvalue of $50,000 in the business.< Prev3 of 4Next >McGrawHillADMN 1016 Assi.docI ADMN 1016 Assi.dooIADMN 1016 Assi.docxADMN 1016 Assi.docxN 1016 Assi..docx3.

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Answered: Required: 2 Record the journal entrles…

Business

Accounting

Required: 2 Record the journal entrles 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

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