Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The account name is not Sales Fees earned Salaries commission What can it be ? And how do I Right the owners statement ??? Balandn

The account name is not
Sales
Fees earned
Salaries commission
What can it be ?
And how do I Right the owners statement ???
image text in transcribed
Balandn Sheet 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 $25,000 from personal funds. B. Purchased office supplies on account, $1,850 C. Paid creditor on account, $1,200. D. Eamed 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 r H. Paid office salaries, $5,000 L. Determined that the cost of supplies on hand was $950; therefore, the cost of supplies used was $900 ental charge) for the month, $3,050, and miscellaneous expenses, $1,600. Salaries expense 5,000.00 8 Total expenses 14150.00 S27,35000

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Auditing And Assurance Services

Authors: Timothy Louwers, Penelope Bagley, Allen Blay, Jerry Strawser, Jay Thibodeau

8th International Edition

1260570517, 978-1260570519

More Books

Students also viewed these Accounting questions