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...

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 4,620 Wages expense 21,680 Cash $ 3 Accounts receivable 17 Equipment Accounts payable I. Lawson, Capital 3 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 $23,980. LAWSON CONSULTING Balance Sheet Accounts receivable Accounts payable Total equity 2$ 2$


Extracted text: equired information "he following information applies to the questions isplayed below.] awson Consulting, which began operations on December 1, ad the following accounts and amounts on December I. The I. Lawson, Capital account balance at December 1 as $0 and the owner invested $21,680 cash in the ɔmpany on December 2. On December 31, the company's ccounts and amounts for the month of December are nown in the 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 Cash Accounts receivable Equipment Accounts payable I. Lawson, Capital ie above information to prepare a December 31 ce sheet for Lawson Consulting. Hint: The ending I. in, Capital account balance as of December 31 is 80. LAWSON CONSULTING Balance Sheet s receivable s payable Total equity 2$ 2$