Mr. Rene Cabahug and Mr. Joe Yloc are partners who shared profit and losses on an arbitrary ratio of 3:2. Mr. Sap Ong was admitted in the partnership by buying 1/4 and 1/2 of the respective old partners interest in the partnership. The partners capital balances before the purchase were as follows:

R. Cabahug 200,000

J. Yloc 250,000

Required:

1. Determine each of the partners capital balances after admission assuming Sap Ong pays 200,000.

Cabahug_________ Yloc___________ Sap Ong ________

2.Capital Credit to record if Sap Ong pays 150,000 upon admission