On June 11, 2020, Moly, Nora and Olga form a partnership investing cash of P15,000, P13,500, and P4,200, respectively. The partners share profits of 3:2:2 and on August 30, 2020, they have cash of P1,000, and other assets of P47,500; liabilities are P25,600. On this date they decide to go out of business and sell all the assets for P30,000. Olga has personal assets of P1,500 that may, if necessary, be used to meet partnership obligations. How much should be distributed to Nora upon liquidation of the partnership? A. P4,000 B. P2,040 C. P4,860 D. Zero

Can you make a solution for these? The right answer for Rod and Sol is 420,000. Thanks!

Dewwy, Screwum, and Howe are forming a partnership. Dewwy is transferring $93,000 of personal cash to the partnership. Screwum owns land worth $27,000 and a small building worth $205,000, which she transfers to the partnership. Howe transfers to the partnership cash of $19,000, accounts receivable of $47,700 and equipment worth $35,000. The partnership expects to collect $45,000 of the accounts receivable. Cash 93000   Dewwy Capital   93000 Equipment 27000   Building 205000   Screwum Capital   232000 Cash 19000   Accounts Recievable 47700   Equipment 35000   Doubtful   2700 Howe Capital   99000 What amount would be reported as total owners’ equity immediately after the investments?  I would have expected $99,000 since this was agreed upon.  What did I miss in the reading?