On July 1, 20Y7, Pat Glenn established HalfMoon Realty. Pat completed the followingtransactions during the month of July:A. Opened a business bank account with adeposit of $20,000 from personal funds.B.C.D.E.பட்H.Purchased office supplies on account,$1,800.Paid creditor on account, $1,350.Earned sales commissions, receivingcash, $40,000.G. Paid automobile expenses (includingrental charge) for month, $3,050, andmiscellaneous expenses, $1,600.Paid office salaries, $3,500.Determined that the cost of supplies onhand was $850; therefore, the cost ofsupplies used was $950.I.Paid rent on office and equipment for themonth, $3,300.Withdrew cash for personal use, $3,600.Need Accounting equation gridincome statementstatement of owners equitybalance sheet

The accounting equation states that assets equal to sum of liabilities and equity. The transactions…

On July 1, 20Y7, 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. C. D. E. F. Purchased office supplies on account, $1,800. Paid creditor on account, $1,350. Earned sales commissions, receiving cash, $40,000. Paid rent on office and equipment for the month, $3,300. Withdrew cash for personal use. $3,600.

On July 1, 20Y7, 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. C. D. E. F. Purchased office supplies on account, $1,800. Paid creditor on account, $1,350. Earned sales commissions, receiving cash, $40,000. Paid rent on office and equipment for the month, $3,300. Withdrew cash for personal use. $3,600.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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