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. Cash Accounts receivable Equipment Accounts payable Common stock Assets: Cash Accounts receivable Equipment Dividends Services revenue 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 $1,300. $ $ 9,000 5,300 7,300 3,720 Wages expense Rent expense 16,580 LAWSON CONSULTING Balance Sheet As of December 31 Liabilities: 9,000 Accounts payable 5,300 7,300 Total Liabilities $ 2,300 14,400 2,800 8,000 Common stock $ 3,720 3,720 16,580

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. 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 $1,300