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29 How much is the total property, plant and equipment as of April 1, 2019? To input answers, kindly follow the sample format below(no peso sign, with comma, no space). ex. 100,000 Failure to follow the format will invalidate your answer. (1 Point) On April 1, 2019, Jhim and Ces decided to combine their businesses and form a partnership. Their balance sheet on this date, before adjustments, is given below: Ces Cash Accounts receivable Inventories Furnitures & Fixtures - net Office equipment Prepaid Expenses Total Jhim P 180.000 370.000 600.000 600.000 230,000 12/250 P. 1992.750 P 70,500 270,000 390,000 180,000 50,500 6,000 2.967,000 Accrued Expenses Capital Total DS P 911,500 1,081,250 P31992/750 360,000 607,000 P967.000 The parties agreed that Ces will make additional cash Investment to give her 50% interest in the firm, after making the necessary adjustments stated below: a.) Provide 5% allowance for doubtful accounts on each accounts receivable. b.) Inventories should be recognized only at 80% of their book values. c.) Furnitures and fixtures of Jhim is overvalued by P 25,000 while the equipment of Ces is overvalued by P 11,500 d.) Prepaid expenses of P.6,000 for Jhim and P 2,000 for ces is to be recognized. e.) Accrued expenses of P 3,000 for him and P 1,000 for Ces is to be recorded. The partnership will use a new set of accounting books. Enter your answer 31 How much would be credited to the capital account of Jhim on April 1, 2019 To input answers, kindly follow the sample format below(no peso sign, with comma, no space): ex. 100,000 Failure to follow the format will invalidate your answer. (1 Point) On April 1, 2019, Jhim and Ces decided to combine thele businesses and form a partnership. Their balance sheet on this date, before adjustments, is given below: Cash Accounts receivable Inventories Furnitures & Fixtures-net Office equipment Prepaid Expenses Total Dhim P1180.000 370.000 600.000 600,000 230,000 121750 P.1,992.750 Ces P 70,500 270,000 390,000 180,000 $0,500 6.000 P.967,000 Accrued Expenses Capital Total P 911,500 1,081,250 21.992.750 360,000 607,000 2.967 000 The parties agreed that Ces will make additional cash investment to give her 50% interest in the firm, after making the necessary adjustments stated below. a.) Provide 5% allowance for doubtful accounts on each accounts receivable. b.) Inventories should be recognized only at 80% of their book values. c.) Furnitures and fixtures of Jhim is overvalued by P 25,000 while the equipment of Ces is overvalued by P 11,500. d.) Prepaid expenses of P 6,000 for Jhim and P 2,000 for Ces is to be recognized. e.) Accrued expenses of P3,000 for Jhim and P 1,000 for ces is to be recorded. The partnership will use a new set of accounting books