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

Skip to question

$[$The following information applies to the questions displayed below.$]$

Lawson Consulting had the following accounts and amounts on December $31.$

Cash $ $5,500$ Dividends $ $1,600$

Accounts receivable $4,600$ Services revenue $12,300$

Equipment $6,600$ Rent expense $2,100$

Accounts payable $3,090$ Wages expense $8,000$

Common stock $13,010$

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 $$600.$