Transactions; Financial Statements On July 1, 2017, 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 $23,000 from personal funds. b. Purchased office supplies on account, $2,350. c. Paid creditor on account, $1,490. d. Earned sales commissions, receiving cash, $23,970. e. Paid rent on office and equipment for the month, $4,700. f. Withdrew cash for personal use, $7,000. g. Paid automobile expenses (including rental charge) for the month, $2,250, and miscellaneous expenses, $1,080. h. Paid office salaries, $2,830. i. Determined that the cost of supplies on hand was $790; therefore, the cost of supplies used was $1,560. Required: 1. Indicate the effect of each transaction and the balances after each transaction. For those boxes in which no entry is required, leave the box blank. If required, enter negative values as negative numbers. Assets Liabilities + Accounts Payable Rent Cash Owner's Equity Office Salaries Expense Expense + Pat Glenn, Capital Supplies Pat Glenn, Drawing Sales Commissions Auto Expense a. b. Bal. Bal. d. Bal. e. Bal. f. Bal. g. Bal. h. Bal. Bal. Miscellaneous Supplies Expense Expense 2. Prepare an income statement for July. Half Moon Realty Income Statement For the Month Ended July 31, 2047 Expenses: Total expenses od 3. Prepare a statement of owner's equity for July. If an amount is zero, enter "0". Half Moon Realty Statement of Owner's Equity For the Month Ended July 31, 2017 $ $ 4. Prepare a balance sheet as of July 31. Half Moon Realty Balance Sheet July 31, 2047 Assets Total assets Liabilities Owner's Equity od Total liabilities and owner's equity