Using the Following Accounting Equation Elements and Their Balances, Prepare

question 215

Essay

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. $$\begin{array} { l r } \text { Telephone expense } & \$ 1,150 \\\text { Cash } & 3,000 \\\text { Accounts payable } & 1,540 \\\text { Jason Bright, drawing } & 800 \\\text { Fees earned } & 15,700 \\\text { Rent expense } & 1,400 \\\text { Supplies } & 140 \\\text { Accounts receivable } & 1,500 \\\text { Computer equipment } & 20,000 \\\text { Jason Bright, capital (August 1) } & 14,320 \\\text { Wages expense } & 4,800 \\\text { Utilities expense } & 750 \\\text { Notes payable } & 2,400 \\\text { Office expense } & 420\end{array}$$

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Definitions:

Extraverts

Individuals characterized by their outgoing, sociable, and energetic behavior, often drawing energy from interacting with others.

Introverts

Individuals who tend to be more inward turning, focusing on internal thoughts, feelings, and moods rather than seeking out external stimulation.

Organizational Citizenship Behaviours

Voluntary actions of employees that contribute to the organization but are not part of their formal job requirements.

Big Five

Refers to the five broad personality traits used in psychology to describe human personality: openness, conscientiousness, extraversion, agreeableness, and neuroticism.