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mafiozo [28]
3 years ago
9

On July 1, 2019, Pat Glenn established Half Moon Realty. Pat completed the following transactions during the month of July.

Business
1 answer:
rodikova [14]3 years ago
6 0

Answer:

1.

Cash + Supplies = Accounts Payable + Pat Glen Capital - drawings + sales commission - Salaries Expense - Rent expense - automobile expense - supplies expense - misc expense

$25,000 + $1,850 = $1,850 - $1,200 + $25,000 - $4,000 + $41,500 - $5,000 - $3,600 - $3,050 - $900 - $1,600  

Explanation:

Income Statement :

Sales Commission $41,500

Rent expense $3,050

Misc Expense $1,600

Supplies expense $900

Salaries Expense $5,000

automobile expense $3,600

Expense Total $14,150

Net income $27,350

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