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 $16,580 cash in the company onDecember 2. On December 31, the company's accounts and amounts for the month of December are shown in the tablebelow:TotalsCashAccounts receivableEquipmentAccounts payableI. Lawson, CapitalUse the above information to prepare a December 31 trial balance.LAWSON CONSULTINGTrial BalanceDecember 31$9,000 I. Lawson, Withdrawals5,300 Services revenue7,300 Rent expense3,720 Wages expense16,580$0 $0$ 2,30014,4002,8008,000

Name: Lawson Consulting, which began operations on December 1, had the foll
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Description: 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 $16,580 cash in the company onDecember 2. On December 3

Trial balance is the statement which is prepared by the entity for the purpose of determining…

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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 $16,580 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: Cash Accounts receivable Equipment Accounts payable I. Lawson, Capital $ 9,000 I. Lawson, Withdrawals 5,300 Services revenue I RINGON 7,300 Rent expense 3,720 Wages expense 16,580 Use the above information to prepare a December 31 trial balance. $ 2,300 14,400 2,800 8,000

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 $16,580 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: Cash Accounts receivable Equipment Accounts payable I. Lawson, Capital $ 9,000 I. Lawson, Withdrawals 5,300 Services revenue I RINGON 7,300 Rent expense 3,720 Wages expense 16,580 Use the above information to prepare a December 31 trial balance. $ 2,300 14,400 2,800 8,000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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