11. Estrada and Molina formed a partnership on Mar 1, 2019 and contributed the following...
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Accounting
11. Estrada and Molina formed a partnership on Mar 1, 2019 and contributed the following assets: Estrada Molina Cash Equipment P80,000 P50,000 The equipment was subject to a chattel mortgage of P10,000 that was assumed by the partnership. The partners agreed to share profits and losses equally, Molina's capital account at Mar. 1, 2019 should be P50,000. P40,000. b. P45,000 d. P60,000. a. c
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