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! Required information Use the following information for the Quick Studies below. ( Algo ) [ The following information applies to the questions displayed below.

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[The following information applies to the questions displayed below.]
Lawson Consulting, which began operations on December 1, had the following accounts and amounts on December 31. The I. Lawson, Capital account balance at December 1 was $0 and the owner invested $14,540 cash in the company on December 2. On December 31, the company's accounts and amounts for the month of December are shown in the table below:
\table[[Cash,$7,000 I. Lawson, Withdrawals,$1,900
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