Lawson Consulting had the following accounts and amounts on December 31. The Retained Earnings account balance...

     

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Lawson Consulting had the following accounts and amounts on December 31. The Retained Earnings account balance at December 1 was $0 and the owner invested $16,070 cash in the company on December 1. On December 31, the company's accounts and amounts for the month of December are shown in the table below: Cash Accounts receivable Equipment Accounts payable Common stock $ 8,500 5,200 7,200 3,630 16,070 Dividends Services revenue Rent expense Wages expense The company began operations on December 1. $ 2,200 14,100 2,700 8,000 Lawson Consulting had the following accounts and amounts on December 31. The Retained Earnings account balance at December 1 was $0 and the owner invested $16,070 cash in the company on December 1. On December 31, the company's accounts and amounts for the month of December are shown in the table below: Cash Accounts receivable Equipment Accounts payable Common stock $ 8,500 5,200 7,200 3,630 16,070 Dividends Services revenue Rent expense Wages expense The company began operations on December 1. $ 2,200 14,100 2,700 8,000

Answer rating: 100% (QA)

1 Trial Balance LAWSON CONSULTING Trial Balance December 31 Debit Credit Cash 8500 Accounts Receivab... View the full answer