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2.b. Prepare a statement of owner's equity for August. Statement of Owner's Equity Instructions Instructions Accounting Equation Grid Owner's Equity Sales + Commissions Salaries Expense Auto - Expense Supplies -Expense Miscelianeous - Expense On August 1, 20Y9, Brooke Kline established Western Realty as a proprietorship. Brooke completed the following transactions during the month of August: a. Opened a business bank account with a deposit of $28,000 in the name of Western Realty. b. Paid rent on office and equipment for the month, $3,600. c. Paid automobile expenses for month, $1,300, and miscellaneous expenses, $700. d. Purchased supplies on account, $1,250. e. Eamed sales commissions, recoiving cash, $18,400. 1. Paid croditor on account, $750. g. Paid ottice salaries, $3,000. h. Paid cash to Maria Adams for personal use, $3,300. 1. Determined that the cost of supplies on hand was $500; therefore. the cost of supplies used was $750. Required: 1. Indicate the effect of each transaction and the balances after each transaction, using the following tabular hoadings: 1. Paid creditor on account, $750 9. Pad office salaries, $3,000 h. Paid cash to Mavia Adams for porsonat use, $3,300. 1. Determined that the cost of supplies on hand was \$500; thesedore, the cost of supplies used was $750 Requred: 1. Indicate the effect of each fransaction and the balances affer each fransaction, using the fodlowing fabular headings 2. a. Prepare an income statement for August 2. b. Prepare a statoment of cwner's equity for August. 2. c. Prepare a baiance sheet as of Aupust 31 Instructions Accounting Equation Grid Balance Sheet Instructions Income Statement Income Statement Instructions Western Realty Income Statement (Label) \begin{tabular}{|l|l|l|l|} \hline 1 & & \\ \hline 2 & (Label) & \\ \hline 3 & & \\ \hline 4 & & \\ \hline 5 & & \\ \hline 6 & & \\ \hline 7 & & \\ \hline 8 & & \\ \hline 9 & & \\ \hline \end{tabular}

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