Required information [The following information applies to the questions displayed below.) Lawson Consulting had the following accounts and amounts on December 31, Cash Accounts receivable Equipment Accounts payable Common stock $ 5,000 Dividends 4,500 Services revenue 6,500 Rent expense 3,000 Wages expense 10,500 $1,500 12,000 2,000 6,000 Seved 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 $4,000. LAWSON CONSULTING Statement of Retained Earnings For Month Ended December 31 0 $ 0 Flagg records adjusting entries at its December 31 year-end. At December 31, employees had earned $12.800 of unpaid and unrecorded salaries. The next payday is January 3, at which one $32.000w Deal Prepare the journal on January 3 to record payment assuming the adjusting and reversing emres were made on December 31 and January 1 Multiple Choice Debit Spares Pyle $32,000 crash $32,000 Debt Sales Expence $19,200 credit Cash $19,200 De Sales Expense $32.000 edt Cash $32,000 Dub Sense $13.200: debt Saleries Payable $12.800 credit Cash $32.000 Debt Series Expense $12.800, debit Solaries Payable $19,200 creds Cash $32,000