1:- Solutions
Company 1:- Liabilities= Assets - Equity =$89000-$47000 =$42000
Company 2:- Assets = liabilities + Equity=$32000+$84000 =$116000
Company 3:- Equity =Assets - Liabilities =$112000 -$34000 =$78000
2:- Solutions
Company 1:- Revenues =Assets - Liabilities- owner's capital + owners withdrawal + expenses
= $68000 - $23000 -$34000+$0 +$15000 = $26000
Company 2:- Owner's withdrawal = liabilities + owners capital + revenue - Expenses - Assets
= $39000 + 58000 + 38000 -25000 -$106600 =$3400
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