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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. Opened
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 $28,000 from personal funds. b. Purchased office supplies on account, $2,870. c. Paid creditor on account, 51,820 . d. Earned sales commissions, receiving cash, $29,290. e. Paid rent on office and equipment for the month, 55,740 . f. Withdrew cash for personal use, $9,000. g. Paid automobile expenses (including rental charge) for the month, 52,750 , and miscellaneous expenses, $1,320. h. Paid office salaries, $3,460. i. Determined that the cost of supplies on hand was 5970 ; therefore, the cost of supplies used was 51,900 . 2. Prepare an income statement for July. Prepare a statement of owner's equity for July. If an amount is zero, enter " 0 ". Prepare a balance sheet as of July 31
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