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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. Zhang, 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 30 balance sheet for Lawson Consulting. Hint: Compute the owner's capital account balance as of June 30. LAWSON CONSULTING Balance Sheet
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