Using the following accounting equation elements and their balances, prepare, in good format a balance sheet in
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Question:
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 |
Related Book For
Financial Accounting: A Business Process Approach
ISBN: 978-0136115274
3rd edition
Authors: Jane L. Reimers
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