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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. The Retained Earnings account balance at December 1 was $0 and the owner invested $18,620 cash in the company on December 1. On December 31, the company's accounts and amounts for the month of December are shown in the table below: Cash Accounts receivable Equipment Accounts payable Common stock $ 11,000 5,700 7,700 4,080 18,620 Dividends Services revenue Rent expense Wages expense The company began operations on December 1. QS 2-15 (Algo) Preparing an income statement LO P1 LAWSON CONSULTING Income Statement Use the above information to prepare a December income statement for the business. $ 2,700 15,600 3,200 8,000

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. The Retained Earnings account balance at December 1 was $0 and the owner invested $18,620 cash in the company on December 1 . On December 31 , the company's accounts and amounts for the month of December are shown in the table below: The company began operations on December 1. QS 2-15 (Algo) Preparing an income statement LO P1 Use the above information to prepare a December income statement for the business

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