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On September 1, 2021, Keto and Kata agreed to form a partnership and all non-cash assets will be recorded at fair market value. Keto had

On September 1, 2021, Keto and Kata agreed to form a partnership and all non-cash assets will be recorded at fair market value. Keto had an existing business with the following accounts: Cash P75,000; Accounts Receivable P90,000; Supplies P38,000; Furnitures' book value P125,000 and Accounts Payable P45,000. Kata contributes a brand new Van of P300,000 with a market value of P335,000.
Moreover, Kata agreed that the following adjustments to the accounts of Keto:
(a) 6% allowance for uncollectible accounts 
(b) Furnitures' fair market value P150,000
(c) unrecorded supplies P5,000 and the payables will be assumed by the partnership.

Kata will additionally contributes cash to make the capital equal to P700,000. How much were the final capital balances credited to Keto and Kata?

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