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For Das to obtain a 1/3 interest in the partnership, how much must his cash investment be? Adee admitted Das as a partner in a

For Das to obtain a 1/3 interest in the partnership, how much must his cash investment be? image text in transcribed
Adee admitted Das as a partner in a business. The balance sheet of Adee on July 30, 2019 before the admission of Das shows Cash 31,200 Receivables 144,000 Inventory 216,000 Accounts Payable 74,400 Adee, Capital 316,800 In order to establish Das Interest, the partners agreed on the following An allowance of doubtful accounts of 2% is to be established Merchandise Inventory is to be valued at P242,400 Prepaid Expenses of P4,200 and accrued expenses of P4,800 are to be recognized

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