Required information [The following information applies to the questions displayed below) Lawson Consulting had the following accounts and amounts on December 31 Cash Accounts receivable Equipment Accounts payable Common stock $ 10,500 Dividende 5,400 Services revenus 7,600 Rent expense 3,990 Vages expense 18,110 $2,600 15,300 3,100 8,000 Use the above information to prepare a December 31 balance sheet for Lawson Consulting Hint: The ending Retained Earnings account balance as of December 31 is $1,600. LAWSON CONSULTING Balance Sheet 0 0 0
Required information [The following information applies to the questions displayed below) Lawson Consulting had the following accounts and amounts on December 31 Cash Accounts receivable Equipment Accounts payable Common stock $ 10,500 Dividende 5,400 Services revenus 7,600 Rent expense 3,990 Vages expense 18,110 $2,600 15,300 3,100 8,000 Use the above information to prepare a December 31 balance sheet for Lawson Consulting Hint: The ending Retained Earnings account balance as of December 31 is $1,600. LAWSON CONSULTING Balance Sheet 0 0 0
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Do not give answer in image
![Required information
[The following information applies to the questions displayed below]
Lawson Consulting had the following accounts and amounts on December 31
$ 10,500 Dividends
$ 2,600
15,300
5.600 Services revenue
7,600 Rent expense
3,990 Wages expense
18,110
3,100
8,000
Cash
Accounts receivable
Equipment
Accounts payable
Connon stock
Use the above information to prepare a December 31 balance sheet for Lawson Consulting, Hint The ending Retained Earnings
account balance as of December 31 is $1,600.
$
LAWSON CONSULTING
Balance Sheet
$
0
0](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F756650b3-18d1-4b86-ac9b-c71ad5c7bd76%2Fb96fd1d9-3bd4-48ea-9559-f8a9db38808d%2Fr7lp8gs_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Required information
[The following information applies to the questions displayed below]
Lawson Consulting had the following accounts and amounts on December 31
$ 10,500 Dividends
$ 2,600
15,300
5.600 Services revenue
7,600 Rent expense
3,990 Wages expense
18,110
3,100
8,000
Cash
Accounts receivable
Equipment
Accounts payable
Connon stock
Use the above information to prepare a December 31 balance sheet for Lawson Consulting, Hint The ending Retained Earnings
account balance as of December 31 is $1,600.
$
LAWSON CONSULTING
Balance Sheet
$
0
0
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