Transactions; Financial Statoment On July 1, 2019, Pat Glenn established Hall Moon Realty. Pat completed the follawing transactions during the month of uy a. Opened a business bank account with a deposit of $35,000 from personal funds. b. Purchased office supplies on account, 3,5ao. c, paid editor on account, $2,270. d. Earned sales commissions, receiving cash, $36,580. e. Paid rent on office and equipment for the month, $7,170. f. Withdrew cash for personal use, $11,000. g. Paid automobile expenses (induding rental charge) for the month, $3,440, and miscellaneous expenses, $1A50. h. Paid office salaries, $4,320. i. Determined that the cost of supplies on hand was $1,210; therefore, the cost of supplies used was $2,370. Required: 1. Indicate the effect of each transaction and the balances after each transaction. For those boxes in which no entry is re Owner's Equity office S Assets - Liabilities + + Supplies Payable Accounts Pat Glenn, Pat Glenn, t Sales -Rent ExpenseExpe Capital 35,000 3,580 Drawing Commissions 11,000 36,580 a. 35,000 b. Bal. 3,580 2,270 5,850 170