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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 bank
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 $20,000 from personal funds. |
B. | Purchased office supplies on account, $1,800. |
C. | Paid creditor on account, $1,350. |
D. | Earned sales commissions, receiving cash, $40,000. |
E. | Paid rent on office and equipment for the month, $3,300. |
F. | Withdrew cash for personal use, $3,600. |
G. | Paid automobile expenses (including rental charge) for month, $3,050, and miscellaneous expenses, $1,600. |
H. | Paid office salaries, $3,500. |
I. | Determined that the cost of supplies on hand was $850; therefore, the cost of supplies used was $950. |
Need Accounting equation grid
income statement
statement of owners equity
balance sheet
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