I'm very confused. Here's the question:

Total Assets as of May 31, 2010 = $174,000
Total Liabilities as of May 31, 2010 = $104,000
Total Assets as of June 30, 2010 = $208,000
Total Liabilities as of June 30, 2010 = $127,000

Following are 3 situations about owner's investments and withdrawals from the business during June. For each situation, compute the amount of net income or net loss during June 2010.
a.) the owner invested $5,000 and made no withdrawals.
b.) the owner invested nothing and made $14,000 of withdrawals.
c.) the owner invested $15,000 and made $28,000 of withdrawals.

I have absolutely no clue how to go about this! Please help!

Assets at May 31, minus Liabilities at May 31, equals Total Equity at May 31.

Do it again for June 30: A - L = E.

Now you know total equity at June 1, and at June 30. By how much did equity change for the month of June, in total?

OK, there are four things that might have a hand in creating that change: Net income and owner's investments both will increase Equity; Net loss and owner's withdrawals will both decrease Equity.

In the three different scenarios you're told about the owner's investments or withdrawals. The net income or loss is whatever amount explains the rest of the overall change in Equity. Take it from here?

Yes, thank you so much!

I'm glad it helped.

I'm still having a tough time getting it. Read this, and tried to figure it out but I'm still stuck. Blah

Where are you stuck?

Never mind... Instructor cancelled that part of the assignment.

I still don't understand this question either