Using the Following Accounts and Their Amounts, Prepare in Good

question 215

Essay

Using the following accounts and their amounts, prepare in good format a statement of stockholder's equity for Bright Futures Company for the month ended August 31. No common stock was issued during the year. $\begin{array}{lr}\text { Tel ephone expense } & 1,150 \\\text { Cash } & 3,000 \\\text { Accounts payable } & 1,540 \\\text { Dividends } & 800 \\\text { Fees earned } & 15,700 \\\text { Rent expense } & 1,400 \\\text { Supplies } & 140 \\\text { Accounts receivable } & 1,500 \\\text { Computer equipment } & 17,600 \\\text { Common stock } & 10,000 \\\text { Retained earnings (August } 1 \text { ) } & 4,320 \\\text { Wages expense } & 4,800 \\\text { Utilities expense } & 750 \\\text { Office expense } & 420\end{array}$ ​
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Definitions:

Lead Generation

Establishing a group of firms and individuals that may be in the target market for a seller’s product or service.

Contact Management

The process of storing, organizing, and managing information about people and companies with whom you have business relationships.

Call Reluctance

Call reluctance is the hesitation or fear of initiating contact with potential clients or leads, often seen in sales environments, which can impede sales effectiveness.

Salespeople

Professionals who are involved in selling products or services to customers.