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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 $20,660 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. $ 3,100 $13,000 6,100 8,100 4,440 20,660 Cash Dividends Service revenue Accounts receivable 16,800 3,600 8,000 Rent expense Equipment Accounts payable expense Common stock Jse the above information to prepare a June statement of retained earnings for Lawson Consulting. Hint. Net income for June is 55,200. LAWSON CONSULTING Statement of Retained Earnings
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