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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
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 $18,620 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 $ 11,000 I. Lawson, Withdrawals 5,700 Services revenue 7,700 Rent expense 4,080 Wages expense 18,620 $ 2,700 15,600 3,200 8,000 LAWSON CONSULTING Income Statement 69 $ 0 0 LAWSON CONSULTING Statement of Owner's Equity 69 0 0 LAWSON CONSULTING Balance Sheet Total equity
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