Chapter $2$ Homework

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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 $31.$

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$\backslash$table$[[$Cash$,$$$14,000,$Dividends,$$3,300],[$Accounts receivable,$6,300,$Services revenue,$17,400],[$Equipment$,8,300,$Rent expense,$3,800],[$Accounts payable,$4,620,$Wages expense,$8,000],[$Common stock,$21,680,,]]$

QS $2-17($Algo$)$ Preparing a balance sheet LO P$1$

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.$

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