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Required Information [The following Information applies to the questions displayed below.] Lawson Consulting had the following accounts and amounts on December 31. Cash $

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Required Information [The following Information applies to the questions displayed below.] Lawson Consulting had the following accounts and amounts on December 31. Cash $ 5,000 Dividends Accounts receivable Equipment Accounts payable Common stock 4,500 Services revenue 6,500 Rent expense 3,000 Wages expense 10,500 $ 1,500 12,000 2,000 6,000 Use the above Information to prepare a December Income statement for the business. Assets: Liabilities: Equity: Revenues: LAWSON CONSULTING Income Statement $ 0 0

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