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Use the following information for the Quick Studies below. (Algo) B (The following information applies to the questions displayed below.) Lawson Consulting had the
Use the following information for the Quick Studies below. (Algo) B (The following information applies to the questions displayed below.) Lawson Consulting had the following accounts and amounts on December 31. The Retained Earnings account balance at December 1 was $0 and the owner invested $17,090 cash in the company on December 1. On December 31, the company's accounts and amounts for the month of December are shown in the table below: Cash Accounts receivable Equipment Accounts payable Common stock $ 9,500 5,400 Dividends 7,400 Services revenue Rent expense 3,810 Wages expense 17,090 The company began operations on December 1. $2,400 14,700 2,900. 8,000 QS 2-17 (Algo) Preparing a balance sheet LO P1 Use the above information to prepare a December 31 balance sheet for Lawson Consulting. LAWSON CONSULTING Balance Sheet Total equity 0 $ 0 $ 0
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