Exercises: 1. The capital account of Maniquiz and Monte partnership on Sept. 30 were: Maniquiz, Capital (75% profit percentage) 140,000 Monte, Capital (25% profit percentage) 56.000 Total Capital 196,000 On Oct. 1, Galang was admitted to a 35% interest in the partnership when he purchased 35% of each existing partner's capital for 100,000, paid directly to Maniquiz and monte