Using the following data for Bright Futures Company, prepare a balance sheet in report form as of 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
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Using the following data for Bright Futures Company, prepare a balance sheet in report form as of Au...
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