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On July 1, 2017, Pat Glenn established Half Moon Really. Pat completed the following transactions during the month of July: A. Opened a business

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On July 1, 2017, Pat Glenn established Half Moon Really. Pat completed the following transactions during the month of July: A. Opened a business bank account with a deposit of $25,000 from personal funds. B. Purchased office supplies on account, $1,850. C. Paid creditor on account, $1,200. D. Earned sales commissions, receiving cash, $41,500. E. Paid rent on office and equipment for the month, $3,600. F. Withdrew cash for personal use, $4,000. G. Paid automobile expenses (including rental charge) for the month, $3,050, and miscellaneous expenses, $1,600. H. Paid office salaries, $5,000. 1. Determined that the cost of supplies on hand was $950; therefore, the cost of supplies used was $900.

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