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. $12,000 5,900 7,900 4,260 19,640 $ 2,900 16,200 3,400 Cash Dividends Accounts receivable Equipment Accounts payable Common stock Service revenue Rent expense Wages expense 8,000 Use the above information to prepare a June 30 balance sheet for Lawson Consulting. LAWSON CONSULTING Balance Sheet

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. $12,000 5,900 7,900 4,260 19,640 $ 2,900 16,200 3,400 Cash Dividends Accounts receivable Equipment Accounts payable Common stock Service revenue Rent expense Wages expense 8,000 Use the above information to prepare a June 30 balance sheet for Lawson Consulting. LAWSON CONSULTING Balance Sheet

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Description: Required information[The following information applies to the questions displayed below.]Liu Zhang operates Lawson Consulting, which began operations on June 1. The Retained Earningsaccount balance at June 1 was $0 and the owner invested $19,640 cas

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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