What is the cash dividends?? 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 $10,500 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.
Part 2 of 3
Cash
Accounts receivable
Equipment
Accounts payable
Common stock
$ 5,000
4,500
6,500
3,000
10,500
Dividends
Service revenue
Rent expense
Wages expense
$ 1,500
12,000
2,000
6,000
10
points
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Hint
QS 2-13 Preparing a statement of retained earnings LO P3
Print
Use the above information to prepare a June statement of retained earnings for Lawson Consulting.
References
LAWSON CONSULTING
Statement of Retained Earnings
For Month Ended June 30
Retained earnings, June 1
$
Add: Net income
0
Mc
Prey
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