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 $34,000 from personal funds. b. Purchased office supplies on account, $3,500. c. Paid creditor on account, $2,210. d. Eamed sales commissions, recelving cash, $35,670 o. Paid rent on office and equipment for the month, 56,990. f. Withdrew cash for personal use, $11,000. g. Pald automobile expenses (including rental charge) for the month, $3,350, and miscellaneous expenses, $1.610. h. Pald office salaries, 54,210. 1. Determined that the cost of supplies on hand was $1,100; therefore, the cost of supplies used was $2,320. 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. Owner's Equity Assets Liabilities + Office Accounts Rent Cash + Supplies + Pat Glenn, Capital Pat Glenn, Sales + Drawing Commissions Payable Expense Salaries Expense a. 34,000 34,000 b. 3,500 3,500 Bal. 34,000 3,500 3,500 34,000 Cash Pat Glenn Supplies Accounts Payable Sale Pat Glenn Drawing UTICE - Salaries Auto + Hiace Capital Rent Expense Commissions Supplies E Expense 34,000 Expense 34,000 3,500 3,500 3,500 34,000 3,500 34,000 G. 2,210 X Bol -2,210 X 31,790 X 35,670 3,500 1,290 X 34,000 D 35,670 Bal. Bal Bal 9 Bal Bal 2. Prepare an income statement for July. Half Moon Realty Income Statement For the Month Ended July 31, 2019 Expenses: $ Total expenses 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, 2019 00 Prepare a balance sheet as of July 31. Half Moon Realty Balance Sheet July 31, 2019 Assets $ Total assets Liabilities $ Owner's Equity Total liabilities and owner's equity