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1. Indicate the effect of each transaction and the balances after each transaction, using the tabular headings. In each transaction row (rows indicated by a letter), you must indicate the math sign (+ or -) in columns affected by the transaction. You will not need to enter math signs in the balance rows (rows indicated by Bal.). Entries of 0 (zero) are not required and will be cleared if entered. Assets = Liabilities + Owners Equity Cash + Supplies = Accounts Payable + Pat Glenn, Capital - Pat Glenn, Drawing + Sales Commissions - Salaries Expense - Rent Expense - Auto Expense - Supplies Expense - Miscellaneous Expense a. a. b. b. Bal. - - - - - - Bal. c. c. Bal. - - - - - - Bal. d. d. Bal. - - - - - - Bal. e. e. Bal. - - - - - - Bal. f. f. Bal. - - - - - - Bal. g. g. Bal. - - - - - - Bal. h. h. Bal. - - - - - - Bal. i. i. Bal. - - - - - - Bal. 2. Prepare an income statement for July 31. Be sure to complete the statement heading. Refer to the list of Accounts on the accounting equation grid and the lists of Labels and Amount Descriptions for the exact wording of the answer choices for text entries. Enter amounts as positive numbers unless the amount is a calculation that results in a negative amount. For example: Net loss should be negative. Expenses should be positive. You will not need to enter colons (:) on the income statement. Half Moon Realty Income Statement July 31, 20Y7 1 Cash 2 Supplies: 3 Total assets 4 5 6 7 8 9 2. Prepare a statement of owners equity for the month ended July 31, 20Y7. Be sure to complete the statement heading. Refer to the list of Accounts on the accounting equation grid and the lists of Labels and Amount Descriptions for the exact wording of the answer choices for text entries. If required, use the minus sign to indicate any decreases in equity. If an amount is zero, enter "0". Half Moon Realty Statement of Owners Equity (Label) 1 2 3 4 5 6 2. Prepare a balance sheet as of July 31, 20Y7. Be sure to complete the statement heading. Refer to the list of Accounts on the accounting equation grid and the lists of Labels and Amount Descriptions for the exact wording of the answer choices for text entries. When entering assets, enter them in order of liquidity. Half Moon Realty Balance Sheet (Label) 1 Assets 2 3 4 5 Liabilities 6 7 Owners equity 8 9

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