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4 Part 4 of 4 1.57 points a Required information The following information applies to the questions displayed below.] Lawson Consulting, which began operations on
4 Part 4 of 4 1.57 points a 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 Decuer 31. The I. L on, Capital account balance at December 1 was $0 and the owner invested $10,500 cash in the compan 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. $ 5,000 1. Lawson, Withdrawals 4,500 Services revenue 6,500 Rent expense 3,000 Wages expense 10,500 $ 1,500 12,000 2,000 6,000 eBook Hint Print References I. Lawson, Capital Use the above information to prepare a December 31 balance sheet for Lawson Consulting. Hint: The ending I. Lawson, Cap account balance as of December 31 is $13,000. LAWSON CONSULTING Balance Sheet Total equity 0 $ $ 0
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