Question: On January 1, 2018, Jeremiah, Calix and Felise formed Kid's Partnership with original capital contribution of P300,000, P500,000 and P200,000. Jeremiah is appointed as managing

On January 1, 2018, Jeremiah, Calix and Felise formed Kid's Partnership with original capital contribution of P300,000, P500,000 and P200,000. Jeremiah is appointed as managing partner. During 2018, Jeremiah, Calix and Felise made additional investments of P500,000, P200,000 and P300,000, respectively. At the end of 2018, Jeremiah, Calix and Felise made drawings of P200,000, P100,000 and P400,000, respectively. At the end of 2018, the capital balance of Felise is reported at P320,000

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