HOAV Chapter 1 Introduction to Accounting and Business 1.359, and miscel a. Opened a business bank account with a deposit of $24,000 from personal fund. b. Paid rent on office and equipment for the month, $3,000. c. Paid automobile expenses (including rental charge) for month, 1,359, and m laneous expenses, $600. d. Purchased office supplies on account, $1,200. e. Earned sales commissions, receiving cash, $19.800. f. Paid creditor on account, $750. g. Paid office salaries, $2,500. h. Withdrew cash for personal use, $3,500. i. Determined that the cost of supplies on hand was $300; therefore, the cost of sunni used was $900. Instructions 1. Indicate the effect of each transaction and the balances after each transaction, usin the following tabular headings: Assets - Liabilities + Owner's Equity Maria Maria Accounts Adams, Adams, Sales Rent Salaries Auto Supplies - Payable + Capital - Drawing + Commissions - Expense - Expense - Expense - Expense - + Supplies Misc Expense 2. Prepare an income statement for April, a statement of owner's equity for April, and a balance sheet as of April 30