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. Required information Use the following information for the Quick Studies below. {The following information applies to the questions displayed below.) Liu Zhang operates Lawson

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. Required information Use the following information for the Quick Studies below. {The following information applies to the questions displayed below.) Liu Zhang operates Lawson Consulting, which began operations on June 1. On June 30 following accounts and amounts for the month of June. U S Cash Accounts receivable Accounts payable L. Zhang, withdrawals $14,000 6,380 5,380 3,300 Service revenue Equipment Rent expense Wages expense $17,400 8,300 3,800 8,000 QS 2-14 Preparing a balance sheet LO P3 Use the above information to prepare a June 30 balance sheet for Lawson Consulting. Hint: balance as of June 30. Answer is not complete. LAWSON CONSULTING Balance Sheet As of June 30 Liabilities: 14,000 Accounts payables 6,300 3 3 Equity: Assets: Cash Accounts receivable s 5,300 Total Assets $ 20,300 $ 5,300

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