Use the following information for the Quick Studies below.

Required information Use the following information for the Quick Studies below. [The following information applies to the questions displayed below.] Liu Zhang operates Lawson Consulting, which began operations on June 1. On June 30, the company's records show the following accounts and amounts for the month of June. Cash $12, 000 Service revenue $16, 200 Accounts receivable 5,900 Equipment 7,900 Accounts payable 4,900 Rent expense 3,400 L. Zhang, Withdrawals 2,900 Wages expense 8, 000 QS 2-13 Preparing a statement of owner's equity LO P3 Use the above information to prepare a June statement of owner's equity for Lawson Consulting. The owner's capital account balance at May 31 was $0, and the owner invested $19,000 cash in the company on June 1. LAWSON CONSULTING Statement of Owner's Equity