The inventory of Ureta-Reyes is to be increased by P4,000; an allowance for doubtful accounts of P1,000 and P1,500 are to be set up in the books of Isada and Ureta-Reyes, respectively; and accounts...

Extracted text: The inventory of Ureta-Reyes is to be increased by P4,000; an allowance for doubtful accounts of P1,000 and P1,500 are to be set up in the books of Isada and Ureta-Reyes, respectively; and accounts payable of P4,000 is to be recognized in Isada's books. The individual trial balances on August, before adjustments, follow: Isada Ureta-Reyes Assets P75,000 P113,000 Liabilities 5,000 34,500 What is the capital of Isada and Ureta-Reyes after the above adjustments?