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Required information [The following information applies to the questions displayed below.] Liu Zhang operates Lawson Consulting, which began operations on June 1. The Retained Earnings
Required information [The following information applies to the questions displayed below.] Liu Zhang operates Lawson Consulting, which began operations on June 1. The Retained Earnings account balance at June 1 was $0 and the owner invested $18,620 cash in the company on June 1. On June 30, the company's records show the following accounts and amounts for the month of June. Cash $11,000 Dividends $ 2,700 Accounts receivable 5,700 Equipment 7,700 Service revenue Rent expense 15,600 3,200 Accounts payable 4,080 Wages expense 8,000 Common stock 18,620 Use the above information to prepare a June statement of retained earnings for Lawson Consulting. LAWSON CONSULTING Statement of Retained Earnings As of June 30 Retained earnings, June 30
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