basic accounting problem!


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Hi, I need help to solve the following problem .The following information is available for three companies:


Company A Company B Company C

December 31, 2008


Assets
$55,000 $59,000 $76,000
Liabilities
$26,000 $28,000 $55,000

December 31, 2009

Assets
$58,000 $60,000 $74,000
Liabilities
$35,000 ? $51,000

During the year 2009
comp A CompB CompC
Owner Investments $12.000 $12.000 ?
Net Income/Loss ? $22.000 $12.000
Owner Withdraws $10.000 $10.000 $20.000



Required:

1. What was the net income/loss for 2009?

2. What was the equity balance for Company B at December 31, 2009
3. What were the liabilities at December 31, 2009 for Company B?

4. What were the Owner Investments for Company C for 2009?


Many thanks in advance!
 
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