Can you answer these? Also with a brief explanation please. Thank you.

Maria and Jola agreed to form a partnership with agreed capitalization of P300,000, with Jola contributing 1/3 of total agreed capitalization. How much should Maria contribute?

Jake invest the following building into a new partnership: Building with a current market value of P800,000 originally acquired for P500,000 accumulated depreciation P300,000 mortgage payable of P400,000. using the given information the amount of Jake's initial investment is _____.

On Jan. 1, 2021 AA, BB and CC formed a partnership by combining their business proprietorships. AA contributed 50,000 worth of cash. BB contributed an office equipment with a book value of 36,000 , cost of 40,000 and a fair value of 80,000. The partnership accepted a mortgage responsibility of 35K for the said equipment. CC on one hand, contributed furniture and fixtures with a book value of 30,000 , cost of 75,000 and a fair value of 55,000. The partnership agreement specifies that profits and losses will be divided equally but they are silent as to the capital contribution. Among the three partners who among them have the highest capital contribution?

Alex and Carlos formed a partnership and agreed to divide initial capital equally, even though Alex contributed 120,000 and Carlos contributed 80,000 in identifiable assets. Under the bonus approach to adjust the capital accounts, how much is the adjusted capital balance of Carlos?

On December 1, 2020. Al and Ni formed a partnership. Agreeing to share for profits and losses in the ratio 2:3, respectively. Al invested a parcel of land that cost him P25,000. Ni invested P30,000 cash. The land was sold for P50,000 on the same date, three hours after the formation of the partnership. How much should be the capital balance of Ni right after the formation?_____.

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:

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?

The partnership has the following accounting amounts: Sales 70,000 : Cost of goods sold 40,000 : Operating expenses 10,000 : Salary allocation to partners 13,000 : Interest paid to banks 2,000 :Partners withdrawals 8,000 The partnership net income (loss) is ____.

Alex and Carlos formed a partnership and agreed to divide initial capital equally, even though Alex contributed 120,000 and Carlos contributed 80,000 in identifiable assets. Under the bonus approach to adjust the capital accounts, Alex capital should be debited by how much?

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?

Partner X contributed equipment to the XYZ partnership. The equipment cost, P60,000 with accumulated depreciation of P10,000 but had a fair value of P70,000 at the date the partnership received it. The partners agreed to record it at P65,000. At what amount should the equipment be reported?

Partnership X contributed equipment to the XYZ partnership. The equipment cost, 60,000 with accumulated depreciation of 10,000 but had a fair value of 70,000 at the date the partnership received it. At what amount should the equipment be reported?

The partnership agreement of Deb and Kay provides that interest at 10% per year is to be credited to each partner on the basis of weighted-average capital balances. A summary of the capital account of Kay for the year ended December 31, 2020 is as follows: Balance, January 1 420,000 Additional investment, July 1 120,000 Withdrawal, August 1 (45,000) Balance, December 31 495,000 What amount of interest should be credited to Kay's capital account for 2020?_______.

Kath and Jake have just formed a partnership. Kath contributed cash of P126,000 and computer equipment that cost P54,000. The computer had been used in his sole proprietorship and had been depreciated to P24,000. The fair value of the equipment is P36,000. Kath also contributed a note payable of P12,000 to be assumed by the partnership. Kath is to have a 60% interest in the partnership. Jake contributed only P90,000 cash. Kath should make an additional investment (withdrawal) of: