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 Revenues: Use the above information to prepare a December income statement for the business. Services revenue Total Revenues Expenses: LAWSON CONSULTING Income Statement For Month Ended December 31 Rent expense Wages expense Total Expenses Net income $5,000 4,500 6,500 Rent expense 3,000 Wages expense 10,500 $ 12,000 $ 2,000 6,000 $ Dividends Services revenue $ 12,000 $ 1,500 12,000 2,000 6,000 8,000 4,000

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 Revenues: Use the above information to prepare a December income statement for the business. Services revenue Total Revenues Expenses: LAWSON CONSULTING Income Statement For Month Ended December 31 Rent expense Wages expense Total Expenses Net income $5,000 4,500 6,500 Rent expense 3,000 Wages expense 10,500 $ 12,000 $ 2,000 6,000 $ Dividends Services revenue $ 12,000 $ 1,500 12,000 2,000 6,000 8,000 4,000

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Description: 39!Required information[The following information applies to the questions displayed below.]Lawson Consulting had the following accounts and amounts on December 31.CashAccounts receivableEquipmentAccounts payableCommon stockRevenues:Services revenue

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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Subject: accounting
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