Given Below Are the Accounts and Amounts for Bright Futures

question 152

Essay

Given below are the accounts and amounts for Bright Futures Company as of August 31, 2011. All of the revenue and expense amounts are for the month of August.
$\begin{array}{ll}\text { Telephone Expense } & \$ 1,150 \\\text { Cash } & 3,000 \\\text { AccountsPayable } & 1,540 \\\text { Dividends } & 800 \\\text { FeesEarned } & 15,700 \\\text { Rent Expense } & 1,400 \\\text { Supplies } & 140 \\\text { Accounts Receivable } & 1,500 \\\text { Computer Equipment } & 20,000 \\\text { Capital Stock } & 10,000 \\\text { WagesExpense } & 4,800 \\\text { Utilities Expense } & 750 \\\text { Notes Payable } & 2,400 \\\text { Retained Earnings } & 4,320 \\\text { Office Expense } & 420\end{array}$ Based on the data provided for Bright Futures Company, prepare in good format a retained earnings statement for the month ended August 31, 2011.

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Definitions:

Reticular Formation

A network of nerves in the brainstem that plays a key role in controlling arousal and alertness.

Afferent Neurons

Neurons that transmit messages from sensory receptors to the spinal cord and brain; also called sensory neurons.

Efferent Neurons

Neurons that transmit messages from the brain or spinal cord to muscles and glands; also called motor neurons.

Glial Cells

Non-neuronal cells in the central and peripheral nervous systems that support and protect neurons.