190.Using the following accounts and their amounts, prepare in good format a balance sheet for Bright FuturesCompany for the month ended August 31.
Telephone Expense$ 1,150
Cash3,000
Accounts Payable1,540
Jason Bright, Drawing800
Fees Earned15,700
Rent Expense1,400
Supplies140
Accounts Receivable1,500
Computer Equipment20,000
Jason Bright, Capital (August 1)14,320
Wages Expense4,800
Utilities Expense750
Notes Payable2,400
Office Expense420
191.The account balances of Awesome Travel Services at December 31 are listed below. There were no additionalinvestments or withdrawals by J. Trendsetter during the year.
Accounts Payable
$12,000
J. Trendsetter, Capital (Jan. 1)
$10,000
Accounts Receivable
14,000
Supplies
1,000
Cash
18,000
Taxes Expense
1,300
Computer Equipment
21,000
Utilities Expense
8,000
Fees Earned
78,000
Wages Expense
25,000
Rent Expense
10,000
Supplies Expense
1,700
Prepare an income statement, statement of owner’s equity, and a balance sheet as of December 31.
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