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2. A and B agreed to form a partnership. A shall contribute P80,000 cash while B shall contribute P200,000 cash. However due to the expertise

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2. A and B agreed to form a partnership. A shall contribute P80,000 cash while B shall contribute P200,000 cash. However due to the expertise that A will be bringing to the partnership, the partners agreed that they should initially have an equal interest in the partnership capital. Requirement: Using the bonus method, provide the journal entry to record the initial investments of the partners

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