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Compute for the capital of b dilim immediately

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Presented below are the account balances of ABC Partnership as of April 30, 2020:

Cash P 75,000                    Liabilities P 80,000

Receivables 50,000           O. Liwanag, Capital 172,000

Inventory 120,000           B. Dilim, Capital 156,000

Other assets 255,000         C. Espiritu, Capital 92,000

Total P 500,000                        Total P 500,000

Question 1: Liwanag, Dilim and Espiritu share profits and losses in the ratio 4:3:3, respectively. Emmanuel is admitted in the partnership by purchasing 25% interest of the partnership for a total of P 115,000. Other assets are adjusted upon admission of Emmanuel. Compute for the capital of B. Dilim immediately after admission of Emmanuel.

Reference no: EM132574369

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