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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. On June 30,
Required information The following information applies to the questions displayed below. Liu Zhang operates Lawson Consulting, which began operations on June 1. On June 30, the company's records show the following accounts and amounts for the month of June. Cash Accounts receivable Accounts payable L. Ihang, withdrawals $5,000 4,500 3,500 1,500 Service revenue Equipment Rent expense Wages expense $12.000 6,500 2.000 6.000 Use the above information to prepare a June statement of owner's equity for Lawson Consulting. The owner's capital account balance at May 31 was $0, and the owner invested $10,000 cash in the company on June 1. LAWSON CONSULTING Statement of Owner's Equity
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