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Liu Zhang operates Lawson Consulting, which began operations in June 1st. The Retained Earnings account balance at June 1st was $0 and the owner invested
Liu Zhang operates Lawson Consulting, which began operations in June 1st. The Retained Earnings account balance at June 1st was $0 and the owner invested $13,010 cash in the company on June 1. On June 30th the company's records show the following accounts and amounts for the month of June.
Required information The following information applies to the questions displayed below.] Liu Zhang operates Lawson Consulting, which began operations on June 1. The Retained Earnings account balance at June 1 was 50 and the owner invested $13.010 cash in the company on June 1 On June 30, the company's records show the following accounts and amounts for the month of June. Cash Accounts receivable Equipment Accounts payable Common stock $ 5,500 4,600 6,608 3,090 13.010 Dividends Service revenue Rent expense Wages expense $ 1,600 12,300 12,180 8,000 Use the above information to prepare a June statement of retained earnings for Lawson Consulting. Hint Net Income for June is $2,200 x Answer is not complete. LAWSON CONSULTING Statement of Retained Earnings Retained eaming June 1 Add Nat income 1.500 Less: Cash dividendo Retained earnings June 30 OsStep by Step Solution
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