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2 of 4 Book 8 Required information [The following information applies to the questions displayed below.] Lawson Consulting, which began operations on December 1,

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2 of 4 Book 8 Required information [The following information applies to the questions displayed below.] Lawson Consulting, which began operations on December 1, had the following accounts and amounts on December 31. The I. Lawson, Capital account balance at December 1 was $0 and the owner invested $22,700 cash in the company on December 2. On December 31, the company's accounts and amounts for the month of December are shown in the table below: Cash Accounts receivable Equipment Accounts payable $ 15,000 I. Lawson, Withdrawals 6,500 Services revenue 8,500 Rent expense 4,800 Wages expense int I. Lawson, Capital 22,700 rint rences Use the above information to prepare a December income statement for the business. LAWSON CONSULTING Income Statement $ 0 0

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