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Compute the missing amounts for each of the following businesses. Using the information given, complete each of the empty boxes. Elm Co. Kat Co. Jam

Compute the missing amounts for each of the following businesses.

Using the information given, complete each of the empty boxes.

Elm Co.

Kat Co.

Jam Co.

Beginning:

Assets. . . . . . . . . . . . . . . . .

$330,000

$330,000

$550,000

Liabilities. . . . . . . . . . . . . . .

270,000

140,000

450,000

Ending:

Assets. . . . . . . . . . . . . . . . .

$640,000

$370,000

Liabilities. . . . . . . . . . . . . . .

290,000

205,000

550,000

Owner's Equity:

Investments by owner. . . . .

$0

$100,000

Withdrawals by owner. . . .

255,000

190,000

300,000

Income Statement:

Revenues. . . . . . . . . . . . . .

$740,000

$395,000

$960,000

Expenses. . . . . . . . . . . . . .

580,000

695,000

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