Presented below is information from the statements of owners equity for Kerkan Consulting for the first three years of operation Determine the missing amounts J Kerkan, capital, January 1 Investment in the year Profit (loss) for the year Drawings in the year J Kerkan, capital, December 31 2022 $ 0 ...

a 25000 50000 68000 drawings 70 ...

Presented below is information from the statements of owners equity for Kerkan Consulting for the first three

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Presented below is information from the statements of owner’s equity for Kerkan Consulting for the first three years of operation. Determine the missing amounts:

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Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Warren, Lori Novak

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Presented below is information from the statements of owners equity for Kerkan Consulting for the first three

Question:

J. Kerkan, capital, January 1 Investment in the year Profit (loss) for the year Drawings in the year J. Kerkan, capital, December 31 2022 $ 0 50,000 25,000 (a) 68,000 2023 $68,000 0 (b) 33,000 65,000 2024 $ (c) 20,000 17,000 12,000 (d)

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