Below Are Owners' Equity Accounts for Three Different Forms of Business

Essay

Below are owners' equity accounts for three different forms of business entities.Identify which form of business entity each set of owners' equity accounts represents and explain how you arrived at your decision.
Business entity #1
$\begin{array} { l l } \text {Sara Kromar, capital } & \$ 100,000\\\text {Daniel Tondra, capita } & 15,000\\\text {Ant Pamer, capital } & 90,000\\\text { Kathy Frenan, capital}&110,000\\\text { Total capital}&\$ 315,000\end{array}$
Business entity #2

$\begin{array}{lr}\text {Stockholders' equity:}\\\text {Paid-in capital:}\\\text { Capital stock, } 25,000 \text { shares issued at par value of } \$ 5 \text { per share } & \$ 125,000 \\ \text { Paid-in capital in excess of par value } & \underline{250,000} \\ \text { Total paid-in capital } & \underline{\underline{\$ 375,000}}\end{array}$
Business entity #3
Mary Housel, capital $\quad$ $\quad$ $\quad$ $\$ 100,000$