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[The following information applies to the questions displayed below.] Liu Zhang operates Lawson Consulting, which began operations on June 1. The Retained Earnings account
[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 $16,070 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 $ 8,500 5,200 7,200 Dividends Service revenue Rent expense $ 2,200 14,100 2,700 3,630 Wages expense 8,000 16,070 Use the above information to prepare a June 30 balance sheet for Lawson Consulting. LAWSON CONSULTING Balance Sheet
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