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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 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 income statement for the business.

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