Lawson Consulting had the following accounts and amounts on December 31. $ 10,500 Dividends 5,600 Services revenue 7,600 Rent expense 3,990 Wages expense 18,110 Cash Accounts receivable Equipment Accounts payable Common stock $ 2,600 15,300 3,100 8,000 QS 2-16 (Algo) Preparing a statement of retained earnings LO P1 Use the above information to prepare a December statement of retained earnings for Lawson Consulting. The Retained Earnings account balance at December 1 was $0. Hint. Net income for December is $4,200. LAWSON CONSULTING Statement of Retained Earnings

Lawson Consulting had the following accounts and amounts on December 31. QS 2-16 (Algo) Preparing a statement of retained earnings LO P1 Use the above information to prepare a December statement of retained earnings for Lawson Consulting. The Retained Earnings account balance at December 1 was $0. Hint Net income for December is $4,200