Using the Following Accounts and Their Amounts, Prepare in Good

question 25

Essay

Using the following accounts and their amounts, prepare in good format an income statement for Bright Futures Company for the month ended August 31.
$\begin{array}{lr}\text { Tel ephone expense } & 1,150 \\\text { Cash } & 3,000 \\\text { Accounts payable } & 1,540 \\\text { Dividends } & 800 \\\text { Fees earned } & 15,700 \\\text { Rent expense } & 1,400 \\\text { Supplies } & 140 \\\text { Accounts receivable } & 1,500 \\\text { Computer equipment } & 17,600 \\\text { Common stock } & 10,000 \\\text { Retained earnings (August } 1) & 4,320 \\\text { Wages expense } & 4,800 \\\text { Utilities expense } & 750 \\\text { Office expense } & 420\end{array}$ ?

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Definitions:

Immersion Oil

A type of oil used to increase the resolution of a microscope by reducing the refraction of light between the glass slide and the objective lens.

Prepared Specimen

A sample of biological material, such as tissue, blood, or urine, that has been treated or arranged for laboratory examination or study.

Dry Objective

A microscope lens used without the aid of immersion oil for lower magnification observation.

Hematologic Test

Laboratory analyses performed on blood samples to diagnose blood disorders or diseases.