On January 1, 2023, Psalm and Trisha formed PS Partnership. The articles of co-partnership provide shall be distributed accordingly: • 15% interest on average capital balance. P30,000 and P80,000 quarterly salary for Psalm and Trisha, respectively. The remainder shall be distributed in the ratio of 4:6 for Psalm and Trisha, respectively. The following transactions regarding the capital balance of the partners for year 2023 are provided: . January 1, 2023 investment March 31, 2023 investment July 30, 2023 withdrawal Psalm, Trisha, Capital Capital P1,200,000 P550,000 (300,000) 200,000

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