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 $20,000 from personal funds. b. Purchased office supplies on account, $2,030. c. Pald creditor on account, $1,200 d. Earned sales commissions receiving cash, $20,760. e. Paid rent on office and equipment for the month, $4,070. f. Withdrew cash for personal use. $6.000. 9. Paldautomobile expenses (including rental charge) for the month $1,950, and miscellaneous expenses, $930. h. Paid office salaries, 32.450. 1. Determined that the cost of supplies on hand was $690; therefore, the cost of supplies used was $1,340. 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 abilities + Accounts Payable Pat Glenn, capital Pat Glenn, Drawing Sales Commissions Owner's Equity Rent Office Salaries Expense Expense Auto Expense Suppl Exper 20.000 20,000 2010 2030 20.000 2.010 20.000 Cash + Supplies Accounts Payable = Pat Glenn, Capital 20,000 Pat Glenn, Drawing Sales Commissions Auto Expense Rent Expense office Salaries Expense 20,000 2,030 2,030 Bal. 20,000 2.030 2.030 20,000 1.290 20.000 Bal 18,710 2,030 20.760 20,760 39,470 20,000 20,760 2,030 -4.070 4,070 -4.020 35,400 Bar 20,760 2.030 20,000 -6.000 -6,000 29.400 20,000 20,760 4,070 -6,000 2.030 - 1,950 -1.950 -6,000 -4.070 20,760 20,000 2.030 930 2.490 -4.070 -6,000 1.950 20.260 -2,450 20.000 Bal. 26.520 1.050 -6.000 20,000 20,760 -4,070 -2.450 24.070 2. Prepare an income statement for July. GO Half Moon Realty Income Statement For the Month Ended July 31, 2019 GO .GO 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 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