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On July 1, 20Y7, Pat Glenn established Half Moon Realty. Pat completed the following transactions during the month of July: A. Opened a business

On July 1, 20Y7, Pat Glenn established Half Moon Realty. Pat completed the following transactions during the 1. Indicate the effect of each transaction and the balances after each transaction, using the tabular 

On July 1, 20Y7, 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 from personal funds. B. Purchased office supplies on account, $1,900. C. Paid creditor on account, $1,400. D. Earned sales commissions, receiving cash, $41,000. E. Paid rent on office and equipment for the month, $2,600. F. Withdrew cash for personal use, $3,400. G. Paid automobile expenses (including rental charge) for month, $3,150, and miscellaneous expenses, $1,700. H. Paid office salaries, $4,300. 1. Determined that the cost of supplies on hand was $800; therefore, the cost of supplies used was $1,100. 1. Indicate the effect of each transaction and the balances after each transaction, using the tabular headings. In each transaction row (rows indicated by a letter, you must indicate the math sign (+ or-) in columns affected by the transaction. You ww not need to enter math signs in the balance rows (rows indicated by Bal.j. Entries of 0 (Zero) are not required and will be cleared if entered. 1 b. TI Bal. c. 3. Bal. d. Bal. e. Bal. f. Bal. g. Bal. h. 31 Bal i Bal. L Cash Assets 1 1 [] 11 IL ||| 1 I + Supplies J ||| || [] = Liabilities. = Accounts Payable 1 IN |||| 101 L 17 I 77 In 17 + Pat Glenn, Capital H |||| TE 11 H 1 E In 11 31 - Pat Glenn, Drawing [] ILI 11 101 1 In I || || || + Sales Commissione M 10 4 n 20 m 1 11 0 Salaries Expense Owner's Equity 1 F || 25 I H E E 111 E 7 E T H L 2 -Rent Expense || L ||||| 11 I F 10 10 4 In I T 17 1 -Auto Expense H 17 E ET 3 [1] Supplies Expense 1 10 13 |||| H 10 H TOTUT 10 3 17 H - Miscellaneous Expense 2 b Bal. C. Bal. d Bal. e. Bal. f. Bal. 9 Bal. ||h Bal. E Bal.

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