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 $4,300 cash. 10 Purchased $1,800 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; $2,800. 15 Completed security services for a graduation event and sent the client a bill for $1,150. 31 The owner withdrew $180 cash for personal use. Required: 2. Record the journal entries for the month of July. View transaction list Journal entry worksheet > 1 2 3 4 5 6 > Record the investment by owner. Note: Enter debits before credits. Date July 01, 2023 General Journal Debit 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 $4,300 cash. 10 Purchased $1,800 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; $2,800. 15 Completed security services for a graduation event and sent the client a bill for $1,150. 31 The owner withdrew $180 cash for personal use. Required: 2. Record the journal entries for the month of July. View transaction list Journal entry worksheet > 1 2 3 4 5 6 > Record the investment by owner. Note: Enter debits before credits. Date July 01, 2023 General Journal Debit Credit
Chapter16: Tax Research
Section: Chapter Questions
Problem 47RC
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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 $4,300 cash.
10 Purchased $1,800 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; $2,800.
15 Completed security services for a graduation event and sent the client a bill for $1,150.
31 The owner withdrew $180 cash for personal use.
Required:
2. Record the journal entries for the month of July.
View transaction list
Journal entry worksheet
>
1
2
3
4 5 6
>
Record the investment by owner.
Note: Enter debits before credits.
Date
July 01, 2023
General Journal
Debit
Credit
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