Instructions Labels and Amount Descriptions Accounting Equation Grid Income Statement Statement of Ow Instructions 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 $27,000 from personal funds B. Paid rent on office and equipment for the month, $3,400. C. Paid automobile expenses (including rental charge) for month, $1,450, and miscellaneous expenses, $900. D. Purchased office supplies on account, $1,250 E. Earned sales commissions, receiving cash, $22,000. F. Paid creditor on account, $750. G. Paid office salaries, $2,700. H. Withdrew cash for personal use, $3,100. 1. Determined that the cost of supplies on hand was $500; therefore, the cost of supplies used was $750