Required information Use the following information for the Quick Studies below. [The following information applies to the questions displayed below.] Liu Zhang operates Lawson Consulting, which began operations on June 1. On June 30, the company's records show the following accounts and amounts for the month of June. Service revenue $13,500 $7,500 5,000 4,000 Cash Equipment Rent expense Wages expense 7,000 2,500 8,000 Accounts receivable Accounts payable L. Zhang, Withdrawals 2,000 QS 2-12 Preparing an income statement LO P3 Use the above information to prepare a June income statement for the business.

Required information Use the following information for the Quick Studies below. [The following information applies to the questions displayed below.] Liu Zhang operates Lawson Consulting, which began operations on June 1. On June 30, the company's records show the following accounts and amounts for the month of June. Service revenue $13,500 $7,500 5,000 4,000 Cash Equipment Rent expense Wages expense 7,000 2,500 8,000 Accounts receivable Accounts payable L. Zhang, Withdrawals 2,000 QS 2-12 Preparing an income statement LO P3 Use the above information to prepare a June income statement for the business.

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Description: Required informationUse the following information for the Quick Studies below.[The following information applies to the questions displayed below.]Liu Zhang operates Lawson Consulting, which began operations on June 1. On June 30, thecompany's recor

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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prepare journa entries and bank rencoliation
answer in text form please (without image)
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