Please do ans what is required in the given problem. I will give thumbs up right away. Thank you.

. Adam, Boon, Chelsey and Deku decided to form the partnership firm. They contributed as follows: Adam - computers P 500,000 and cash P 300,000. Based on the agreement computers will be P 550,000 Boon - cash P 700,000 and merchandise 100,000 Chelsey - Machine cost of 280,000 but with fair value of P 250,000 Deku - will manage the store daily. equired: Calculate the initial capital of each partner, Prepare journal entries for the above transaction in the books of partnership firm. Mr Alan, Mr Bond and Mr Charlie created a partnership business with equal amount of capital as follows: Mr Alan - cash 300,000, office equipment worth P 500,000. Mr Bond - cash 700,000 and merchandise for the balance amount. Mr Charlie - machinery worth P 560,000 and cash for the balance amount. As per their partnership deed, the capital of each partner would be equal to the capital of Mr Alan. quired: - How much would be the capital of each partner. - Record entries in the general journal of the partnership firm for the above-mentioned transactions