Accounting

Gogola and Paglinawan have just formed a partnership. Gogola contributed cash of P1,260,000and computer equipment that cost P540,000. The fair value of the computer is P360,000.Gogola has notes payable on the computer of P120,000 to be assumed by the partnership.Gogola is to have 60% capital interest in the partnership. Paglinawan contributed onlyP900,000. The partners agreed to share profit and loss equally.Gogola should make an additional investment or (withdrawal) of ________________.

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