Question: Required information Use the following information for the Quick Studies below. (Static) [The following information applies to the questions displayed below) Lawson Consulting had the

Required information Use the following information for the Quick Studies below. (Static) [The following information applies to the questions displayed below) 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 $10,500 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 $ 5,00 Dividends 4,500 Services revenue 6,500 Rent expense 3,000 Wages expense 10,500 $1,500 12.000 2.600 6,000 The company began operations on December 1 QS 2-16 (Static) Preparing a statement of retained earnings LO P1 Use the above information to prepare a December statement of retained earnings for Lawson Consulting LAWSON CONSULTING Statement of Retained Earnings 0 0
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
