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 2-14 Preparing a balance sheet LO P3 Use the above information to prepare a June 30 balance sheet for Lawson Consulting. Hint: Compute the owner's capital account balance as of June 30. LAWSON CONSULTING Balance Sheet