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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
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 $17,090 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: Cash Accounts receivable Equipment Accounts payable Common stock $ 9,500 Dividends 5,400 Services revenue 7,400 Rent expense 3,810 Wages expense 17,090 $ 2,400 14,700 2,900 8,000 The company began operations on December 1. 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
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