Transactions, Financial Statements On May 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, $3,400. c. Pald creditor on account, $2,150. d. Earned sales commissions, receiving cash, $34,710. e Paid rent on office and equipment for the month, 56,800. f. Withdrew cash for personal use, $11,000. 9. P o mobile expenses (including rental charge) for the month $3,260, and miscellaneous expenses, $1,500 h. Paid office salaries, 14.100. Determined that the cost of supplies on and was $1,150, therefore, the cost of supplies used was $2,250 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 negative numbers - Liabilities + Owner's Equity Accounts Pat Glenn, Pat Glenn, Sales Office Salaries Auto Supplies Miscellaneous Cash + Supplies Payable Capital Drawing Commissions - Rent Expense Previous Check My Work 2 more Check My Works remaining 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 Check My Work 2 more Check My Work uses remaining. Assignment Score: 46.36% 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 Check My Work 2 more Check My Work uses remaining. On July 1, 2019, Pat Glenn established Hat 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, $3,400. c. Paid creditor on account, $2,150. d. Earned sales commissions, receiving cash, $34,710. e. Paid rent on office and equipment for the month, $6,800. f. Withdrew cash for personal use, $11,000. 9. Pald automobile expenses (including rental charge) for the month, $3,260, and miscellaneous expenses, $1,560. h. Paid office salaries, $4,100. 1. Determined that the cost of supplies on hand was $1,150, therefore, the cost of supplies used was $2,250. 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 - Liabilities + Owner's Equity _ Cash Accounts Pat Glenn, Pat Glenn, Sales Auto Miscellaneous Supplies + Supplies - Rent Expense. Onice Salaries - Payable Capital Drawing Commissions Expense Expense Expense