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 $15,560 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 $ 8,000 5,100 7,100 Rent expense 3,540 Wages expense. 15,560 The company began operations on December 1. Use the above information to prepare a December 31 trial balance. Totals LAWSON CONSULTING Trial Balance December 31 Debit Dividends Services revenue $ Credit 0 $ 0 $ 2,100 13,800 2,600 8,000

Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter15: Financial Statement Analysis
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Problem 50E: Juroe Company provided the following income statement for last year: Juroes balance sheet as of...
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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 $15,560 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
$ 8,000
5,100
7,100
Rent expense
3,540 Wages expense.
15,560
The company began operations on December 1.
Use the above information to prepare a December 31 trial balance.
Totals
LAWSON CONSULTING
Trial Balance
December 31
Debit
Dividends
Services revenue
$
Credit
0 $
0
$ 2,100
13,800
2,600
8,000
Transcribed Image Text: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 $15,560 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 $ 8,000 5,100 7,100 Rent expense 3,540 Wages expense. 15,560 The company began operations on December 1. Use the above information to prepare a December 31 trial balance. Totals LAWSON CONSULTING Trial Balance December 31 Debit Dividends Services revenue $ Credit 0 $ 0 $ 2,100 13,800 2,600 8,000
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