Question 330 points Andrew Martin started Zcom Inc. early this year. For the first few months of the company's life (through July) the accounting records were maintained by an outside bookkeeping service. According to those records, the share capital balance was $56,500 as of July 31. To save on expenses Andrew decided to keep the records himself. He managed to record August's transactions properly, but was a bit rusty when the time came to prepare the financial statements. His first versions of the balance sheet and income statement follow. Zoom Se For Mohinded A1.2014 Revenge Isance of shares Commissions Eamed Accounts Payable Interest amet 10.000 190.00 Espender 27.000 104.800 0.000 Toalets Teaming 59.500 305.000 50.000 Us Expense Total Neto 232.000 Zicom Bano Sheet Aug 31, 2014 Aints Prepaid in Supe rest Expense Short Term Note Pays 65.500 Renamed 68.000 Unende 32.500 interest Payable To 000 2.000 120.000 Tools Share Cat 210.500 To be Using the information contained in the original financial statements, prepare revised statements, including a statement of changes in equity, for the month of August. Zone room Steen Sent of Change in Share Retained Total Capital and M * Question 330 points Andrew Martin started Zcom Inc. early this year. For the first few months of the company's life (through July) the accounting records were maintained by an outside bookkeeping service. According to those records, the share capital balance was $56,500 as of July 31. To save on expenses Andrew decided to keep the records himself. He managed to record August's transactions properly, but was a bit rusty when the time came to prepare the financial statements. His first versions of the balance sheet and income statement follow. Zoom Se For Mohinded A1.2014 Revenge Isance of shares Commissions Eamed Accounts Payable Interest amet 10.000 190.00 Espender 27.000 104.800 0.000 Toalets Teaming 59.500 305.000 50.000 Us Expense Total Neto 232.000 Zicom Bano Sheet Aug 31, 2014 Aints Prepaid in Supe rest Expense Short Term Note Pays 65.500 Renamed 68.000 Unende 32.500 interest Payable To 000 2.000 120.000 Tools Share Cat 210.500 To be Using the information contained in the original financial statements, prepare revised statements, including a statement of changes in equity, for the month of August. Zone room Steen Sent of Change in Share Retained Total Capital and M *