On January 1, 2020, Michael and Jackie decided to form MICKIE Partnership. The capital accounts of the partners showed the following information for year 2020: MICHAEL, Capital JACKIE Capital Date Debit Credit Date Debit Credit 1/1 P240,000 1/1 P180,000 4/1 P30,000 6/30 80,000 8/31 60,000 9/1 P48,000 12/1 30,000 10/30 12,000 What was Michaels Average Capital?

On January 1, 2020, Michael and Jackie decided to form MICKIE Partnership. The capital accounts of the partners showed the following information for year 2020: MICHAEL, Capital JACKIE Capital Date Debit Credit Date Debit Credit 1/1 P240,000 1/1 P180,000 4/1 P30,000 6/30 80,000 8/31 60,000 9/1 P48,000 12/1 30,000 10/30 12,000 What was Michael's Average Capital