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Bert Zimm started Zcom Inc. on May 1, 2014. The adjusted trial balance shown below has been prepared for Zcom Inc. as of May 31,

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Bert Zimm started Zcom Inc. on May 1, 2014. The adjusted trial balance shown below has been prepared for Zcom Inc. as of May 31, 2014. Use this information to prepare the income statement and statement of changes in equity for the month ended May 31 along with the May 31 balance sheet. Use a word document to present your answers and copy paste directly in the space provided below. Zoom Inc. Adjusted Trial Balance May 31, 2014 Accumulated depreciation, equipment Accumulated depreciation, machinery Advertising expense Advertising payable Commissions earned Depreciation expense, equipment Depreciation expense, machinery Dividends Equipment Interest earned Machinery Notes receivable Prepaid advertising Property taxes expense Property taxes payable Rent eamed Rent expense Rent payable Debit Credit 8.000 14,500 53,000 20.500 135,000 8,000 14,500 18,500 92.000 38.000 119,500 127,500 34.000 30.500 18,500 97.500 70.500 69.000 57.000 Salanes payable Share capital 70.500 625,000 625 000 totals

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