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Use the following information for the Quick Studies below. (Algo) [The following information applies to the questions displayed below.) Lawson Consulting had the following
Use the following information for the Quick Studies below. (Algo) [The following information applies to the questions displayed below.) Lawson Consulting had the following accounts and amounts on December 31. $13,000 Dividends Cash Accounts receivable Equipment 6,100 Services revenue 8,100 Rent expense Accounts payable Common stock 4,440 Wages expense 20,660 $3,100 16,800 3,600 8,000 QS 2-16 (Algo) Preparing a statement of retained earnings LO P1 Use the above information to prepare a December statement of retained earnings for Lawson Consulting. The Retained arnings account balance at December 1 was $0. Hint Net income for December is $5,200.
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