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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 invested
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 $10,500 cash in the company on June 1. On June 30, the companys records show the following accounts and amounts for the month of June. Cash $ 5,000 Dividends $ 1,500 Accounts receivable 4,500 Service revenue 12,000 Equipment 6,500 Rent expense 2,000 Accounts payable 3,000 Wages expense 6,000 Common stock 10,500 Use the above information to prepare a June 30 balance sheet for Lawson Consulting.
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