On April 1, 2019 the balance in Jimin's capital account should be in what amount? * þn April 1, 2019, Jungkook and Jimin formed a partnership with each contributing the following assets: Jungkook...

question 78

Extracted text: On April 1, 2019 the balance in Jimin's capital account should be in what amount? * þn April 1, 2019, Jungkook and Jimin formed a partnership with each contributing the following assets: Jungkook P300,000 Jimin Cash Machinery Land 800,000 550,000 2,500,000 250,000 Fumiture & Fixtures 100,000 The Land is subject to mortgage loan of P500,000, which is to be assumed by the partnership agreement provides that Jungkook and Jimin share profits and losses 30% and 70%, respectively. O 3,850,000 O 2,900,000 O 3,350,000 O 3,500,000