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Question - Queen, Risa, and Serena are partners sharing profits and losses equally. On August 16, 200A, Queen dies. The partnership continues its operations and on December 31, 200A, the net income is Php250,000.
Required - Give the necessary entries to determine the amount payable to Queen's estate. The capital balance of Queen as of January 1, 200A is Php200,000, and her drawing account during the period is Php10,000.
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