80 What is the capital of Jungkook after the adjustments?* (1 Point) On June 1, 2031, hungback and Jimin decides in contime their businesses and form a partsendup. Statement of financial position on June 1, before adjustments, showed the following Jun kook Jimin Cinch 10.080 3,750 Accounts receivable 16.500 13,500 30.800 19.500 Furniture and Fixtures 30,000 9.000 Office Equipment 11.500 1.750 Prepaid Expenses 6175 1,000 Accounts Payable 45.700 18.009 They agreed to provide $34 for doubtful recounts receivable, and alag agree that Jungbook's furniture and fixtures are over depreciated by PL,500. 58,250 61,250 69,000 O 59,1758:19 POPE 1 32% forms,office.com/pages/responsepat 7 O 59,175 81 At what value of the merchandise to be invested by Jimin?* (1 Point) On June 1. 2021, Jungkook and Jimin formed a pretendup. Janglock in in invest assets at fair which are yet to be agreed upon, Jungbook is to transfer his Liabilities and is to contribute sufficient cash to bring his total capital of P300,000 which is 60%% of the total capital of the partnership. Details are regarding the books values of Junglook's business assets and liabilities and their concaponding valuations are: Book Values Agreed Values Accounts Receivable 58.000 41,000 Allowance for doubtful accounts 4.200 5.000 Merchandise Inventory 98/400 107,000 Stare Equipment 32,000 32,000 Accumulated Depreciation 19.000 16.400 Office Equipment 27 800 17,000 Accumulated Depreciation 14.200 Accounts Payable 56.000 56.000 Jimin agrees to invest cush of P70.000 and merchandise inventory valied it current market price. 61,000 80,000 O 68,000 70,000 82 On July1, 2021, Jungkook, Jimin and J-Hope formed a partnership by combining their8:17 WOLFE 1 33% S forms, office.com/pages/responsepas 7 65 How much would the equity investment be reported at December 31,2019? * (1 Point) Jam Company bought the ordinary shares of Mad Company designated as equity securities at fair value through other comprehensive income, as follows: June 20,2019 - 1,000 shares for P 101,600 November 5,2019 - 3,000 shares at P 104 per share On January 25,2030, Jam Company received cash dividend of P 4.50 per share. On June 14,2020, it received a 10% bonus issue and on July 18,2020, Jam sold 1,500 shares at P 95 per share. Market values of Mad Company ordinary shares are as follows: December 31,2019-P 106.70 per share December 31,2020 -P 96 per share O P431,600 O P 384,000 O P 426,800 O P 413,600 66 How much is the dividend revenue reported in Jam's statement of comprehensive income for the year ended December 31,2020?*