![Required information<br>[The following information applies to the questions<br>displayed below.]<br>Lawson Consulting, which began operations on December 1,<br>had the following accounts and amounts on December<br>31. The I. Lawson, Capital account balance at December 1<br>was $0 and the owner invested $21,680 cash in the<br>company on December 2. On December 31, the company's<br>accounts and amounts for the month of December are<br>shown in the table below:<br>$ 14,000 I. Lawson, Withdrawals<br>6,300 Services revenue<br>8,300 Rent expense<br>Cash<br>$ 3<br>Accounts receivable<br>17<br>Equipment<br>Accounts payable<br>I. Lawson, Capital<br>3<br>4,620 Wages expense<br>21,680<br>8<br>Use the above information to prepare a December 31<br>balance sheet for Lawson Consulting. Hint: The ending I.<br>Lawson, Capital account balance as of December 31 is<br>$23,980.<br>LAWSON CONSULTING<br>Balance Sheet<br>Accounts receivable<br>Accounts payable<br>Total equity<br>2$<br>$<br>](https://s3.us-east-1.amazonaws.com/storage.unifolks.com/qimg-008/008_dphozp0-a14fo0ip.jpeg)
Extracted text: Required information [The following information applies 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 $21,680 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: $ 14,000 I. Lawson, Withdrawals 6,300 Services revenue 8,300 Rent expense Cash $ 3 Accounts receivable 17 Equipment Accounts payable I. Lawson, Capital 3 4,620 Wages expense 21,680 8 Use the above information to prepare a December 31 balance sheet for Lawson Consulting. Hint: The ending I. Lawson, Capital account balance as of December 31 is $23,980. LAWSON CONSULTING Balance Sheet Accounts receivable Accounts payable Total equity 2$ $
![information<br>'g information applies to the questions<br>low.]<br>sulting, which began operations on December 1,<br>wing accounts and amounts on December<br>son, Capital account balance at December 1<br>the owner invested $21,680 cash in the<br>December 2. On December 31, the company's<br>d amounts for the month of December are<br>table below:<br>$ 14,000 I. Lawson, Withdrawals<br>6,300 Services revenue<br>8,300 Rent expense<br>4,620 Wages expense<br>21,680<br>$ 3,300<br>17,400<br>3,800<br>8,000<br>eceivable<br>ayable<br>Capital<br>information to prepare a December 31<br>for Lawson Consulting. Hint: The ending I.<br>il account balance as of December 31 is<br>LAWSON CONSULTING<br>Balance Sheet<br>Total equity<br>$<br>2$<br>](https://s3.us-east-1.amazonaws.com/storage.unifolks.com/qimg-008/008_jvlozp0-w5otfkeq.jpeg)
Extracted text: information 'g information applies to the questions low.] sulting, which began operations on December 1, wing accounts and amounts on December son, Capital account balance at December 1 the owner invested $21,680 cash in the December 2. On December 31, the company's d amounts for the month of December are table below: $ 14,000 I. Lawson, Withdrawals 6,300 Services revenue 8,300 Rent expense 4,620 Wages expense 21,680 $ 3,300 17,400 3,800 8,000 eceivable ayable Capital information to prepare a December 31 for Lawson Consulting. Hint: The ending I. il account balance as of December 31 is LAWSON CONSULTING Balance Sheet Total equity $ 2$