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4. Match the following items to the financial statement where they can be found. ( Hint : Some of the items can be found on

4. Match the following items to the financial statement where they can be found. (Hint: Some of the items can be found on more than one financial statement.) A. Balance sheet B. Income statement C. Statement of cash flows D. Statement of owners equity

Item

1.

Withdrawals

2.

Revenues

3.

Supplies

4.

Land

5.

Accounts payable

6.

Accounts receivable

7.

Operating activities

8.

Wages expense

9.

Net income

10.

Cash

. Using the following accounting equation elements and their balances, prepare, in good format a balance sheet in report form for Bright Futures Company for the month ended August 31

Telephone expense

$ 1,150

Cash

3,000

Accounts payable

1,540

Jason Bright, drawing

800

Fees earned

15,700

Rent expense

1,400

Supplies

140

Accounts receivable

1,500

Computer equipment

20,000

Jason Bright, capital (August 1)

14,320

Wages expense

4,800

Utilities expense

750

Notes payable

2,400

Office expense

420

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