Question
! Required Information [The following information applies to the questions displayed below.] Lawson Consulting had the following accounts and amounts on December 31. Dividends
! Required Information [The following information applies to the questions displayed below.] Lawson Consulting had the following accounts and amounts on December 31. Dividends Cash Accounts receivable Equipment Accounts payable Common stock $ 14,000 6,300 Services revenue 8,300 Rent expense 4,620 21,680 Wages expense $ 3,300 17,400 3,800 8,000 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 $5,600. LAWSON CONSULTING Statement of Retained Earnings
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