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7 Part 1 of 3 2 points Lawson Consulting, which began operations on December 1, had the following accounts and amounts on December 31.
7 Part 1 of 3 2 points 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 $13,520 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 $ 6,000 I. Lawson, Withdrawals 4,700 Services revenue 6,700 Rent expense 3,180 Wages expense 13,520 $ 1,700 12,600 2,200 8,000 eBook Hint Print References QS 2-15 (Algo) Preparing an income statement LO P1 Use the above information to prepare a December income statement for the business. LAWSON CONSULTING Income Statement $ 0 0
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