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Liu Zhang operates Lawson Consulting, which began operations on June 1. The Retained Earnings account balance at June 1 was $0 and the owner
Liu Zhang operates Lawson Consulting, which began operations on June 1. The Retained Earnings account balance at June 1 was $0 and the owner invested $19,130 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 $11,500 5,800 7,800 Dividends Service revenue Rent expense $2,800 15,900 3,300 4,170 Wages expense 8,000 19,130 Use the above information to prepare a June 30 balance sheet for Lawson Consulting. LAWSON CONSULTING Balance Sheet Total equity 0 $ 0 $ 0
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