sanctions financial statements Instructions Labels and Amount Descriptions Accounting Equation Grid Income Statement nstructions On July 1, 2016, 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 s20,000 from personal funds. B. Purchased offlce supplies on account, s1,800 C. Paid creditor on account, $1.350. D. Earned sales commissions, receiving cash, $40,000 E. paid rent on office and equipment for the morth, s3,300 F. withdrew cash for personal use, s3,600 G. aid automobile szpenses (including rental charge) for month, $3.050 and miscellaneous expenses si 600. H, paid office salaries, 52,500 Determined that the cost of supplies on hand was sfi50: therefore, the cost of supplies used was s950