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On July 1, 2019, Pat Glenn established Half Moon Realty. Pat completed the following transactions during the month of July a. Opened a business bank
On July 1, 2019, 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 $30,000 from personal funds. b. Purchased office supplies on account, $3,010. C. Paid creditor on account, $1,900. d. Earned sales commissions, receiving cash, $30,690. e. Paid rent on office and equipment for the month, $6,020. f. Withdrew cash for personal use, $10,000. 9. Paid automobile expenses (including rental charge) for the month, $2,880, and miscellaneous expenses, $1,380. h. Paid office salaries, $3,620. i. Determined that the cost of supplies on hand was $1,010; therefore, the cost of supplies used was $2,000. 2. Prepare an income statement for July. Half Moon Realty Income Statement For the Month Ended July 31, 2019 Expenses: Total expenses O
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