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 $19,640 cash in the company on June 1. On June 30,...

Extracted text: 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 $19,640 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 $12,000 5,900 7,900 4,260 19,640 Dividends Service revenue Rent expense Wages expense $ 2,900 16,200 3,400 8,000 Common stock Income statement and balance sheet