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Using the following data for Bright Futures Company, prepare a balance sheet in report form as of August 31. Telephone expense $1,150 Cash 3,000 Accounts
Using the following data for Bright Futures Company, prepare a balance sheet in report form as of 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 Bright Futures Company Balance Sheet August 31 Assets Fees earned $15.700 Notes payabi Office expense Bright Futures Company Balance Sheet Fees earned August 31 Assets Accounts payable Cash Fees earned Jason Bright, capital ibilities Office expense Total Liabilities Net income Owner's Equity Total Liabilities and Owner's Equity $ 15,700 1,150 1,400 420 420 2,400 420
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