Question

The account name is not

Sales

Fees earned

Salaries commission

What can it be ?

And how do I Right the owners statement ???

Balandn Sheet On July 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 $25,000 from personal funds. B. Purchased office supplies on account, $1,850 C. Paid creditor on account, $1,200. D. Eamed sales commissions, receiving cash, $41,500. E. Paid rent on office and equipment for the month, $3,600. F Withdrew cash for personal use, $4,000. G. Paid automobile expenses (including r H. Paid office salaries, $5,000 L. Determined that the cost of supplies on hand was $950; therefore, the cost of supplies used was $900 ental charge) for the month, $3,050, and miscellaneous expenses, $1,600. Salaries expense 5,000.00 8 Total expenses 14150.00 S27,35000

Answer 1

Halfmoon Reality
Income statement
For the month ended July 31,2019
Sales commission received		41500
Expenses :
Rent expense	3600
Office salaries expense	5000
Auto expense	3050
Supplies expense	1850
Miscellaneous expense	1600
Total expense		(15,100)
Net income		26,400

Halfmoon Reality
Statement of Owner's Equity
For the Month Ended July 31, 2019
Balance as at July 1st 2019		0
Add. Capital introduced	25000
Add. Net income	26400	51,400
Less. Withdrawal		(4000)
Balance as July 1st 2019		47,400

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