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How much will be credited to Apos interest

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Question - Partners Sierra and Madre divide profits and losses 2:3 with capital balances of P 470,000 and P 560,000 respectively. They agreed to admit Apo by his purchase of one-fourth of Madre's interest for P 300,000. They agreed to write off Accounts Receivable worth P 5,600. Fixed assets were under-depreciated by P 25,000. Payments of accounts payable in the amount of P 7,200 was not posted to the payable account. How much will be credited to Apo's interest?

Reference no: EM133022825

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