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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 $14,540 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 Accounts receivable Equipment Accounts payable Common stock $ 7,000 4,900 6.900 3,360 14,540 Dividends Service revenue Rent expense Wages expense $ 1,900 13,200 2,400 8, cee Use the above information to prepare a June 30 balance sheet for Lawson Consulting. LAWSON CONSULTING Balance Sheet Assets: Liabilities: Equity: Revenues: ptal equity S 14 GIV V of 16 Next > ) & 7 C 9 5 6 8 T Y U
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