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 companys records show the following accounts and amounts for the month of June.

Cash	$	9,500		Service revenue	$	14,700
Accounts receivable		5,400		Equipment		7,400
Accounts payable		4,400		Rent expense		2,900
L. Zhang, Withdrawals		2,400		Wages expense		8,000

Use the above information to prepare a June statement of owners equity for Lawson Consulting. The owners capital account balance at May 31 was $0, and the owner invested $16,500 cash in the company on June 1.