Cengage De Transactions, Financial Statements On July 1, 2017, Pat Glenn established Half Moon Realty. Pat completed the following transactions during the month of July: a. Opened a business bank account with a deposit of $24,000 from personal funds. b. Purchased office supplies on account, $2,450. c. Paid creditor on account, $1,550. d. Earned sales commissions, receiving cash, $25,030. e. Paid rent on office and equipment for the month, 54,910. t. Withdrew cash for personal use, 58,000. 9. Paid automobile expenses (including rental charge) for the month, 52,350, and miscellaneous expenses, 51.1 30. h. Pald office salaries, $2,950. Determined that the cost of supplies on hand was 5830; therefore, the cost of supplies used was $1,620 Required: 3. Prepare a statement of owner's equity for July. If an amount is zero, enter "o". Half Moon Realty Statement of Owner's Equity For the Month Ended July 31, 2017 Pat Glenn, capital, July 1, 2017 24,900 X Investment on July 1, 2017 Net income for July 12,070 withdrawals 8,000 Increase in owners equity 0 Pat Glenn, capital, July 31, 2017 4. Prepare a balance sheet as of July 31. Half Moon Realty Balance Sheet July 31, 2017 Assets Total assets Labilities O Owner's Equity Total babies and one's outy - 4. Follow ample Exercise 1-6. Becall that the balance sheets formal presentation of the town and owners culty Assets are ined by the company, where w Ce My War MacBook Air FI F2 Bo 13 DOO 4 4 + Flo # 3 A + % 5