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3 Required information [The following information applies to the questions displayed below.] Lawson Consulting had the following accounts and amounts on December 31. Cash $
3 Required information [The following information applies to the questions displayed below.] Lawson Consulting had the following accounts and amounts on December 31. Cash $ 5,000 Dividends $1,500 :20 Accounts receivable Equipment 4,500 Services revenue 12,000 6,500 Rent expense 2,000 Accounts payable 3,000 Wages expense 6,000 Common stock. 10,500 Use the above information to prepare a December income statement for the business. LAWSON CONSULTING Income Statement Revenues: Services revenue Wages expense $ 0
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