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[The following information applies to the questions displayed below.] Lawson Consulting had the following accounts and amounts on December 31. Dividends Cash Accounts receivable Equipment
[The following information applies to the questions displayed below.] Lawson Consulting had the following accounts and amounts on December 31. Dividends Cash Accounts receivable Equipment Accounts payable Common stock $ 5,000 4,500 Services revenue 6,500 Rent expense 3,000 Wages expense 10,500 $ 1,500 12,000 2,000 6,000 Use the above information to prepare a December statement of retained earnings for Lawson C account balance at December 1 was $0. Hint: Net income for December is $4,000. LAWSON CONSULTING Statement of Retained Earnings
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