Chapter 02 Quick Study Exercises i 9 Part 2 of 3 2.25 points 01:00:21 eBook Hint Print References Cash Accounts receivable Equipment Accounts payable Common stock $ 10,000 5,500 7,500 3,900 Wages expense 17,600 Rent expense LAWSON CONSULTING Statement of Retained Earnings Dividends Services revenue $ QS 2-16 (Algo) Preparing a statement of retained earnings LO P1 Use the above information to prepare a December statement of retained earnings for Lawson Consulting. The Retained Earnings account balance at December 1 was $0. Hint. Net income for December is $4,000. 0 Saved 0 $ 2,500 15,000 3,000 8,000

QS 2-16 (Algo) Preparing a statement of retained earnings LO P1 Use the above information to prepare a December statement of retained earnings for Lawson Consulting. The Retained Earning: account balance at December 1 was $0. Hint Net income for December is $4,000