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Using the following accounts and their amounts, prepare in good format a statement of retained earnings...

Using the following accounts and their amounts, prepare in good format a statement of retained earnings and balance sheet for Bright Futures Company for the month ended August 31.

Telephone expense

$1,150
Cash

3,000
Accounts payable

1,540
Dividends

800
Fees earned

15,700
Rent expense

1,400
Supplies

140
Accounts receivable

1,500
Computer equipment

17,600
Common stock

5,000
Retained earnings (August 1)

9,320
Wages expense

4,800
Utilities expense

750
Office expense

420
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