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Required information Use the following information for the Quick Studies below. (Algo) [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 $18,620 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 I. Lawson, Capital $ 11,000 I. Lawson, Withdrawals 5,700 Services revenue 7,700 Rent expense 4,080 Wages expense 18,620 $ 2,700 15,600 3,200 8,000 QS 2-16 (Algo) Preparing a statement of owner's equity LO P1 Use the above information to prepare a December statement of owner's equity for Lawson Consulting. Hint. Net income for December is $4,400 LAWSON CONSULTING Statement of Owner's Equity For Month Ended December 31 0 $ 0 Use the following information for the Quick Studies below. (Algo) 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 Lawson, Capital account balance at December 1 was $0 and the owner invested $18,620 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. $ 2,700 Cash Accounts receivable Equipment Accounts payable I. Lawson, Capital $ 11,000 I. Lawson, Withdrawals 5,700 Services revenue 7,700 Rent expense 4,080 Wages expense 18,620 15,600 3,200 8, QS 2-17 (Algo) Preparing a balance sheet LO P1 Use the above information to prepare a December 31 balance sheet for Lawson Consulting. Hint. The ending 1. Lawson, Capital account balance as of December 31 is $20,320 LAWSON CONSULTING Balance Sheet Total equity