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Lawson Consulting had the following accounts and amounts on December 31. The Retained Earnings account balance at December 1 was $0 and the owner invested
Lawson Consulting had the following accounts and amounts on December 31. The Retained Earnings account balance at December 1 was $0 and the owner invested $19,640 cash in the company on December 1. On December 31, the company's accounts and amounts for the month of December are shown in the table below: Dividends Cash $ 12,000 Accounts receivable 5,900 Services revenue. Equipment 7,900 Rent expense Accounts payable 4,260 Wages expense Common stock 19,640 The company began operations on December 1. $ 2,900 16,200 3,400 8,000 Use the above information to prepare a December 31 balance sheet for Lawson Consulting. LAWSON CONSULTING Balance Sheet Total equity 0 $
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