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Transactions; Financial Statements On July 1, 2019, Pat Glenn established Half Moon Realty. Pat completed the following transactions during the month of July: a.
Transactions; Financial Statements 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 $27,000 from personal funds. b. Purchased office supplies on account, $2,750. c. Paid creditor on account, $1,740. d. Earned sales commissions, receiving cash, $28,050. e. Paid rent on office and equipment for the month, $5,500. f. Withdrew cash for personal use, $9,000. g. Paid automobile expenses (including rental charge) for the month, $2,640, and miscellaneous expenses, $1,260. h. Paid office salaries, $3,310. i. Determined that the cost of supplies on hand was $930; therefore, the cost of supplies used was $1,820. Required:
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