Using the following accounting equation elements and their balances, prepare, in good form, a statement of owner's equity 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 \begin{array} { l r } ext { Telephone expense } & \$ 1,150 \ ext { Cash } & 3,000 \ ext { Accounts payable } & 1,540 \ ext { Jason Bright, drawing } & 800 \ ext { Fees earned } & 15,700 \ ext { Rent expense } & 1,400 \ ext { Supplies } & 140 \ ext { Accounts receivable } & 1,500 \ ext { Computer equipment } & 20,000 \ ext { Jason Bright, capital (August 1) } & 14,320 \ ext { Wages expense } & 4,800 \ ext { Utilities expense } & 750 \ ext { Notes payable } & 2,400 \ ext { Office expense } & 420\end{array} Telephone expense Cash Accounts payable Jason Bright, drawing Fees earned Rent expense Supplies Accounts receivable Computer equipment Jason Bright, capital (August 1) Wages expense Utilities expense Notes payable Office expense $1 , 150 3 , 000 1 , 540 800 15 , 700 1 , 400 140 1 , 500 20 , 000 14 , 320 4 , 800 750 2 , 400 420

Question

Using the following accounting equation elements and their balances, prepare, in good form, a statement of owner's equity 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 \begin{array} { l r } 	ext { Telephone expense }  &  \$ 1,150 \	ext { Cash }  &  3,000 \	ext { Accounts payable }  &  1,540 \	ext { Jason Bright, drawing }  &  800 \	ext { Fees earned }  &  15,700 \	ext { Rent expense }  &  1,400 \	ext { Supplies }  &  140 \	ext { Accounts receivable }  &  1,500 \	ext { Computer equipment }  &  20,000 \	ext { Jason Bright, capital (August 1) }  &  14,320 \	ext { Wages expense }  &  4,800 \	ext { Utilities expense }  &  750 \	ext { Notes payable }  &  2,400 \	ext { Office expense }  &  420\end{array}  Telephone expense   Cash   Accounts payable   Jason Bright, drawing   Fees earned   Rent expense   Supplies   Accounts receivable   Computer equipment   Jason Bright, capital (August 1)   Wages expense   Utilities expense   Notes payable   Office expense  ​ $1 , 150 3 , 000 1 , 540 800 15 , 700 1 , 400 140 1 , 500 20 , 000 14 , 320 4 , 800 750 2 , 400 420 ​

Tanner Hearne · Accepted Answer

Final Answer : ?    ?

Definitions

Learning Objectives

Learning Objectives

Related questions