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How much is the total partnership capital after admission

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Question - The capital balances of partners Lim and Jan before the admission of Wan were P 200,000 and P 300,000, respectively. Wan invested a certain amount for a 25% interest in the partnership. As a result of his admission, the old partners received a total bonus of P 25,000.

1. How much is the total partnership capital after admission of Wan?

2. How much was credited to the capital of Wan at the time of his admission?

3. How much did Wan invest for his 25% interest in the partnership?

Reference no: EM133153307

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