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NEED HELP ASAP!! Please Required information (The following information applies to the questions displayed below.) Lawson Consulting, which began operations on December 1, had the
NEED HELP ASAP!! Please
Required information (The following information applies to the questions displayed below.) 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 $19,130 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 $ 11,500 1. Lawson, Withdrawals 5,890 Services revenue 7,890 Rent expense 4,170 Wages expense 19, 130 $ 2,800 15,900 3,300 8,000 Use the above information to prepare a December statement of owner's equity for Lawson Consulting. Hint Net income for December is $4,600 LAWSON CONSULTING Statement of Owner's Equity Step by Step Solution
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