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abglé Iranslate C Log in to Clever page Enter text to search No results < > Options 1-3 Exercises& Problems Print nem Transactions; Financial Statements On July 1, 2019, Pat Glenn established Halif Moon Reaity. Pat completed the following transactions during the month of buly a. Opened a business bank account with a deposit of $22.000 from personal funds b. Purchased office supplies on account, $2,240. c. Paid creditor on account, $1,420. d. Earned sales commissions, receiving cash, $22,900. e. Paid rent on office and equipment for the month, $4,490. f. Withdrew cash for personal use, $7,000 Paid automobile expenses (ncluding rental charge) for the month, $2,150, and miscellanesous expenes, s . Determined that the cost of supplies on hand was s760; therefore, the cost of supplies used wes $1,480 Required: . Indicate the effect of each transaction and the balances after each transaction. For those boxes n which ne antry ie required, leeve the box blank t required, enter negative values negative numbers h. Paid office salaries, $2,700 which ne entry is required, leave the box blank. If required, enter negative values as
1-3 Exercises & Problems Pint Item Liabilities + Owners Equity Office Salaries Auto Supplies Miscellaneous Expense Sales Accounts Payable Pat Glenn,. Pat Glenn, Cash + Supplies + Supplies Capital Drawing Commissions ng Commissions Rent Expense - Expense Expense Bal. Bal d. Bal. Bal. Bal. h. Bal.
2. Prepare an income statement for July. Half Moon Realty Income Statement For the Month Ended July 31, 2019 Expenses: Total expenses
Prepare a statement of owners equity for July. If an amount is zero, enter o. Half Moon Realty Statement of Owners Equity For the Month Ended July 31, 2019
Prepare a balance sheet as of July 31 Half Moon Realty Balance Sheet July 31, 2019 Assets Total assets Liabilities Owners Equity Total liabilities and owners equity Cengag
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