Use the following information for the Quick Studies below. (Algo) [The following information applies to the questions displayed below.] Lawson Consulting had the following accounts and amounts on December 31. $ 3,300 17,400 3,800 8,000 Cash Accounts receivable Equipment Accounts payable Common stock $ 14,000 Dividends 6,300 Services revenue. 8,300 Rent expense 4,620 Wages expense 21,680 QS 2-17 (Algo) Preparing a balance sheet LO P1 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 $2,300. LAWSON CONSULTING Balance Sheet
Use the following information for the Quick Studies below. (Algo) [The following information applies to the questions displayed below.] Lawson Consulting had the following accounts and amounts on December 31. $ 3,300 17,400 3,800 8,000 Cash Accounts receivable Equipment Accounts payable Common stock $ 14,000 Dividends 6,300 Services revenue. 8,300 Rent expense 4,620 Wages expense 21,680 QS 2-17 (Algo) Preparing a balance sheet LO P1 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 $2,300. LAWSON CONSULTING Balance Sheet
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
B1.
![Use the following information for the Quick Studies below. (Algo)
[The following information applies to the questions displayed below.]
Lawson Consulting had the following accounts and amounts on December 31.
$ 3,300
17,400
3,800
8,000
Cash
Accounts receivable
Equipment
Accounts payable
Common stock
$ 14,000 Dividends
6,300 Services revenue)
8,300 Rent expense
4,620 Wages expense
21,680
QS 2-17 (Algo) Preparing a balance sheet LO P1
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 $2,300.
LAWSON CONSULTING
Balance Sheet](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F1514c697-1914-46f9-829b-a4a4b38c605a%2F68f7284a-e210-4e45-8ec4-d91b95f6229b%2Fdz23h6m_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Use the following information for the Quick Studies below. (Algo)
[The following information applies to the questions displayed below.]
Lawson Consulting had the following accounts and amounts on December 31.
$ 3,300
17,400
3,800
8,000
Cash
Accounts receivable
Equipment
Accounts payable
Common stock
$ 14,000 Dividends
6,300 Services revenue)
8,300 Rent expense
4,620 Wages expense
21,680
QS 2-17 (Algo) Preparing a balance sheet LO P1
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 $2,300.
LAWSON CONSULTING
Balance Sheet
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