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Use the following information for the Quick Studies below. (Algo) [The following information applles to the questions displayed below] Lawson Consulting, which began operations on

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Use the following information for the Quick Studies below. (Algo) [The following information applles to the questions displayed below] Lawson Consulting, which began operations on December 1, had the following accounts and amounts on December 31. The I. Lawson. Capital account balance at December 1 was $0 and the owner invested $16,070 cash in the company on December 2 . On December 31, the company's accounts and amounts for the month of December are shown in the table below: QS 2-17 (Algo) Preparing a balance sheet LO P1 Jse the above information to prepare a December 31 balance sheet for Lawson Consulting. Hint: The ending L. Lawson, Capital iccount balance as of December 31 is $17,270

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