What is the capital balance of juan

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Question - On December 1, 2022, Juan and Pedro formed a partnership. Juan invested land with a cost of P250,000. Pedro invested P50,000 cash. On the date of formation, the land was sold for P50,000. They agreed to share profits and losses in the ratio of 2:3 to Juan and Pedro, respectively. What is the capital balance of Juan after partnership formation?

Reference no: EM133153926

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