Liu Zhang operates Lawson Consulting, which began operations on June 1. The Retained Earnings account balance at June 1 was $0 and the owner invested $19,640 cash in the company on June 1. On June 30, the company's records show the following accounts and amounts for the month of June. $12,000 5,900 7,900 4,260 19,640 $ 2,900 16,200 3,400 Cash Dividends Accounts receivable Equipment Accounts payable Common stock Service revenue Rent expense Wages expense 8,000 Use the above information to prepare a June 30 balance sheet for Lawson Consulting. LAWSON CONSULTING Balance Sheet
Liu Zhang operates Lawson Consulting, which began operations on June 1. The Retained Earnings account balance at June 1 was $0 and the owner invested $19,640 cash in the company on June 1. On June 30, the company's records show the following accounts and amounts for the month of June. $12,000 5,900 7,900 4,260 19,640 $ 2,900 16,200 3,400 Cash Dividends Accounts receivable Equipment Accounts payable Common stock Service revenue Rent expense Wages expense 8,000 Use the above information to prepare a June 30 balance sheet for Lawson Consulting. LAWSON CONSULTING Balance Sheet
Survey of Accounting (Accounting I)
8th Edition
ISBN:9781305961883
Author:Carl Warren
Publisher:Carl Warren
Chapter2: Basic Accounting Systems: Cash Basis
Section: Chapter Questions
Problem 2.15E
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