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asap Carrie Ford started Zcom Inc. on December 1, 2014. The adjusted trial balance shown below has been prepared for Zcom Inc. as of December
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Carrie Ford started Zcom Inc. on December 1, 2014. The adjusted trial balance shown below has been prepared for Zcom Inc. as of December 31, 2014. Use this information to prepare the income statement and statement of changes in equity for the month ended December 31 along with the December 31 balance sheet. Zcom Inc. Adjusted Trial Balance December 31, 2014 (select one) Income Statement (select one) Debit Credit 19,500 17,500 139,000 85,000 76,000 52,500 19,500 17,500 22,500 170,500 38,000 15,500 21,000 72,500 47,000 25,000 19,000 116,500 121,000 19,500 55,500 585,000 585,000 Accumulated depreciation, automobiles Accumulated depreciation, equipment Automobiles Cash Commissions earned Consulting revenue earned Depreciation expense, automobiles Depreciation expense, equipment Dividends Equipment Insurance expense Interest earned Interest receivable Mortgage payable Prepaid insurance Property taxes expense Property taxes payable Rent earned Share capital Unearned consulting revenue Unearned rent Totals (select one) Statement of Changes in Equity (select one) Share Retained Total Capital Earnings Equity X ++ X + X + + + (select one) Balance Sheet (select one)Step by Step Solution
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