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Use the following information for the Quick Studies below. (Algo)

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[The following information applies to the questions displayed below.] Lawson Consulting had the following accounts and amounts on December 31.

Cash	$ 9,500	Dividends	$ 2,400
Accounts receivable	5,400	Services revenue	14,700
Equipment	7,400	Rent expense	2,900
Accounts payable	3,810	Wages expense	8,000
Common stock	17,090

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 $1,400.