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please complete ALL 3 parts, (last 3 pics) Required information Use the following information for the Quick Studies below. (Algo) [The following information applies to
please complete ALL 3 parts, (last 3 pics)
Required information Use the following information for the Quick Studies below. (Algo) [The following information applies to the questions displayed below.] Lawson Consulting had the following accounts and amounts on December 31. QS 2-15 (Algo) Preparing an Income statement LO P1 QS 2-15 (Algo) Preparing an income statement LO P1 Use the above information to prepare a December income statement for the business. QS 2-16 (Algo) Preparing a statement of retalned earnings LO P1 Use the above information to prepare a December statement of retained earnings for Lawson Consulting. The Retained Earnings account balance at December 1 was $0. Hint. Net income for December is $5,000. Use the above information to prepare a December 31 balance sheet for Lawson Consulting. Hint: The ending Retained Earnings account balance as of December 31 is $2,000 Step by Step Solution
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