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On December 31, 2022, the trial balance of Apostles Partnership included the following information: Cash P1,000,000 Total Liabilities P 600,000 Non-current Assets 2,000,000 Peter,
On December 31, 2022, the trial balance of Apostles Partnership included the following information: Cash P1,000,000 Total Liabilities P 600,000 Non-current Assets 2,000,000 Peter, Capital 900,000 James, Capital 800,000 John, Capital 700,000 Total P3,000,000 Total P3,000,000 The profit and loss ratio of the partners are 9:8:7. On January 1, 2023, Andrew is admitted to the partnership by purchasing 39% of the capital interests of James and John at a price of P433,000. How much is the total remaining capital balance of James and John upon the admission of Andrew? Note: Round off answer to the nearest peso.
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