Question

Required information 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 th following accounts and amounts for the month of June. Cash Accounts receivable Accounts payable L. Zhang. withdrawals $13,50 6,200 5,29 3.200 Service revenue Equipment Rent av Rent expense ages expense $12, Lee 8,260 3,700 8.00 Use the above information to prepare a June income statement for the business LAWSON CONSULTING Income Statement 9 < Prev a 33 of 33 o

Answer 1

Use the above information to prepare a June income statement for the business. LAWSON CONSULTING Income Statement For Month Ended June 30 Revenues: Service revenue $17,100 Total Revenues $17,100 Expenses: Wages expense Rent expense $8,000 3,700 Total Expenses Net Income 11,700 $5,400