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