LAWSON CONSULTING Balance Sheet As of June 30 Assets: Liabilities: Cash $ 5,000 Accounts payable $ 3,000 Accounts receivable 4,500 Equipment 6,500 Equity: Common stock 10,500 Retained earnings 2,500 Total equity 13,000 F Total Assets F $ 16,000 Total Liabilities and Equity F $ 16,000