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The following accounts and their amounts for Bright Futures Company for the month ended August 31.
AccountsAmountsTelephone expense$ 1,150Cash3,000Accounts payable1,540Dividends800Fees earned15,700Rent expense1,400Supplies140Accounts receivable1,500Computer equipment17,600Common stock5,000Retained earnings (August 1)9,320Wages expense4,800Utilities expense750Office expense420Required:
Prepare in good format a balance sheet for Bright Futures Company as of August 31. Refer to the lists of Accounts in the information given, Labels, and Amount Descriptions for the exact wording of the answer choices for text entries. You will not need to enter colons (:) on the Balance sheet. Be sure to complete the statement heading.
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