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On August 1 , 2 0 Y 9 , Brooke Kline established Western Realty as a proprietorship. Brooke completed the following transactions during the month
On August Y Brooke Kline established Western Realty as a proprietorship. Brooke completed the following transactions during the month of August:
a Opened a business bank account with a deposit of $ in the name of Western Realty.
b Paid rent on office and equipment for the month, $
c Paid automobile expenses for month, $ and miscellaneous expenses, $
d Purchased supplies on account, $
e Earned sales commissions, receiving cash, $
f Paid creditor on account, $
g Paid office salaries, $
h Paid cash to Maria Adams for personal use, $
i Determined that the cost of supplies on hand was $; therefore, the cost of supplies used was $ a Prepare an income statement for August.
b Prepare a statement of owner's equity for August.
c Prepare a balance sheet as of August
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