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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,
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. The Retained Earnings account balance at June 1 was $0 and the owner invested $13,010 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 $ 5,500 4,600 6,600 3,090 13,010 Dividends Service revenue Rent expense Wages expense $ 1,600 12,300 2,100 8,000 Use the above information to prepare a June income statement for the business. LAWSON CONSULTING Income Statement For Month Ended June 30 Revenues Service revenue $ 0 Net income
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