Aerosmith, Air Supply and Animals decided to form a partnership. Aerosmith is to invest cash of P150,000 and a machinery originally costing P80,000 but has a market value of P45,000. Air Supply is to invest cash amounting to P120,000. While Animals, whose family is engaged in computer dealership, is to invest three computer units with a regular price of P30,000 each but which cost their family's business P20,000 for each unit. Partners agree to share profits according to their capital contribution. The capital balances of Aerosmith, Air Supply and Animals respectively upon formation are:

Baso, Kut and Sara decided to engage in a real estate venture as a partnership. Baso invested 280,000 cash and Kut provided an office and furnishings valued at 440,000. (There is a 120,000 note payable remaining on the furnishings to be assumed by the partnership). Although Sara has no tangible assets to invest, both Baso and Kut believe that Sara's expert salesmanship provides an adequate investment. The partners agree to receive an equal capital interest in the partnership. Using the bonus method, what is the capital balance of Sara?

The ABC partnership agreement contains the following provisions for profit or loss sharing: I. Alfie and Bong receive salary allowances of P30,000 and P20,000, respectively. II. Bong receives a bonus of 50% of sales in excess of P100,000.III. Ching receives interest of 10% on her ending capital balance. IV. Remaining profits, losses and profit deficiencies are shared 40:40:20Ching's capital account balance at January 1, 2020 was P20,000. She made an additional investment of P5,080 at June 1, 2020 and had no drawings. assuming sales of P120,000 and profits of P45,000. What would be Ching's capital ending balance at December 31, 2020?