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Question 34 2 pts Carlo runs a butcher shop, Carlo Angus MNL, in Manila. Jamie, a close friend who lives in Makati, wanted to
Question 34 2 pts Carlo runs a butcher shop, Carlo Angus MNL, in Manila. Jamie, a close friend who lives in Makati, wanted to put up another Angus store in Makati on May 1, 2022. They agreed to form CABLES Partnership where Jamie will invest cash so that she can have a 40% interest in the partnership. On April 30, 2022, Carlo Angus MNL had the following account balances: Cash DEBIT CREDIT 321.150 Accounts Receivable 120,000 Inventory Accounts Payable Carlo, Capital 100,000 85,000 456.150 Carlo and Jamie agreed on the following conditions: 1. An allowance for doubtful accounts worth P20,000 is to be established; and 2. Inventories must be valued at their current replacement cost of P82.125. How much is Jamie's investment in the partnership?
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