On July 1, 20Y7, Pat Glenn established Half Moon Realty. Pat completed the following transactions...
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Accounting
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. | Purchased office supplies on account, $1,800. |
| C. | Paid creditor on account, $1,350. |
| D. | Earned sales commissions, receiving cash, $40,000. |
| E. | Paid rent on office and equipment for the month, $3,300. |
| F. | Withdrew cash for personal use, $3,600. |
| G. | Paid automobile expenses (including rental charge) for month, $3,050, and miscellaneous expenses, $1,600. |
| H. | Paid office salaries, $3,500. |
| I. | Determined that the cost of supplies on hand was $850; therefore, the cost of supplies used was $950. |
Need Accounting equation grid
income statement
statement of owners equity
balance sheet
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