Debbie Adriano and Helenita Ruiz decided to form a partnership by combining the assets of their separate businesses. Adriano contributed the following assets to the partnership: cash, P150,000; accounts receivable with a face amount of P1,590,000 and an allowance for uncollectible accounts of P97,000; merchandise inventory with a cost of P1,000,000; and equipment with a cost of P1,550,000 and accumulated depreciation of P1,000,000. The partners agreed on the following: that P60,000 of the accounts receivable are completely worthless and are not to be accepted by the partnership, b. that P114,000 is a reasonable allowance for the uncollectibility of the remaining accounts, C. that the merchandise inventory is to be recorded at the net realizable value of P914,500, and d. that the equipment is to be valued at P625,000. Required: Prepare the journal entry to record Adriano's investment in the partnership.