Given below are the accounts and amounts for Bright Futures Company as of August 31, 2011.  All of the revenue and expense amounts are for the month of August.

Based on the data provided for Bright Futures Company, prepare in good format a balance sheet as of August 31, 2011.
 

Telephone Expense	$  1,150
Cash	3,000
Accounts Payable	1,540
Dividends	800
Fees Earned	15,700
Rent Expense	1,400
Supplies	140
Accounts Receivable	1,500
Computer Equipment	20,000
Capital Stock	10,000
Wages Expense	4,800
Utilities Expense	750
Notes Payable	2,400
Retained Earnings	4,320
Office Expense	420

Answer rating: 100% (QA)

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