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I would like for an accounting tutor to help me with the accounting equation grid and income statement please. On July 1, 2016, Pat Glenn
I would like for an accounting tutor to help me with the accounting equation grid and income statement please.
On July 1, 2016, 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 $22,000 in exchange for common stock. B. Paid rent on office and equipment for the month, $2,500. C. Paid automobile expenses (including rental charge) for month, $1,350, and miscellaneous expenses, $500. D. Purchased office supplies on account, $1,150. E. Earned sales commissions, receiving cash, $18,000. F. Paid creditor on account, $650. G. Paid office salaries, $2,900. H. Paid dividends, $3,000. I. Determined that the cost of supplies on hand was $400; therefore, the cost of supplies used was $750Step by Step Solution
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