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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 $16,580 cash in the company on December 2. On December 31, the companys accounts and amounts for the month of December are shown in the table below: Cash $ 9,000 I. Lawson, Withdrawals $ 2,300 Accounts receivable 5,300 Services revenue 14,400 Equipment 7,300 Rent expense 2,800 Accounts payable 3,720 Wages expense 8,000 I. Lawson, Capital 16,580
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