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 Dividends Service revenue Rent expense Wages expense $ 2,900 16,200 3,400 8,000 Cash Accounts receivable Equipment Accounts payable Common stock Income statement and 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 Dividends Service revenue Rent expense Wages expense $ 2,900 16,200 3,400 8,000 Cash Accounts receivable Equipment Accounts payable Common stock Income statement and balance sheet
Chapter3: Analyzing And Recording Transactions
Section: Chapter Questions
Problem 16EA: Discuss how each of the following transactions for Watson, International, will affect assets,...
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