Question

I need all yellow slots. Im not sure if what i have is correct.

Compute the missing amount for each of the following separate companies in columns B through E. (Losses and amounts to be deducted should be indicated with a minus sign.) CBS ABC NBC $ 0 $ 0 0 $ 91,000 Equity, beginning of year Owner investments during the year Owner withdrawals during the year Net Income (loss) for the year Equity, end of year CNN 0 $ 84,215 (11,000) (3,000) 70,215 $ 87,000 93,000 $ (52,000) 38,210 90,210 $ 200,254 (54,000) (46,000) 100,254 $

Answer 1

Equity, beginning of year + Owner investment during the year - Owner withdrawl during the year + Net income for the year = Equity, end of year

	CBS	ABC	CNN	NBC
Equity, beginning of year	$0	$0	$0	$0
Owner investments during the year	$91,000	$104,000	$84,215	$200,254
Owner withdrawls during the year	$(85,000)	$(52,000)	$(11,000)	$(54,000)
Net income (loss) for the year	$87,000	$38,210	$(3,000)	$(46,000)
Equity, end of year	$93,000	$90,210	$70,215	$100,254