On June 1, 2023, Peter and Andrew decided to form a partnership and contributed the following: Peter Cash 210,000; Merchandise Inventory 77,000; Equipment 444,000 Andrew Cash 313,000; Supplies 68,000, Furniture 546,000 All assets contributed have proper valuations since previous estimations were accurate and Property, Plant, and Equipment were all well-maintained. Peter and Andrew agreed to have equal capital

Sep 8, 2023

On June 1, 2023, Peter and Andrew decided to form a partnership and contributed the following:

Peter – Cash ₱210,000; Merchandise Inventory ₱77,000; Equipment ₱444,000

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On June 1, 2023, Peter and Andrew decided to form a partnership and contributed the following: Peter Cash 210,000; Merchandise Inventory 77,000; Equipment 444,000 Andrew Cash 313,000; Supplies 68,000, Furniture 546,000 All assets contributed have proper valuations since previous estimations were accurate and Property, Plant, and Equipment were all well-maintained. Peter and Andrew agreed to have equal capital
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Andrew – Cash ₱313,000; Supplies ₱68,000, Furniture ₱546,000

All assets contributed have proper valuations since previous estimations were accurate and Property, Plant, and Equipment were all well-maintained.

Peter and Andrew agreed to have equal capital in the partnership.

How much is credited to Peter for his capital?

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