hm.tpx velue 370 points The Distance Plus partnership has the following capital balances at the beginning of the current year 90,000 60,000 $ Tiger (40% of profits and losses) Phil (30%) Ernie (30%) 75,000 Each of the following questions should be viewed independently a. If Serglo invests $70,000 in cash in the business for a 20 percent interest, what journal entry is recorded? Assu select "No journal entry required" in the first account field.) me that the bonus method is used. (If no entry is required for a transaction/event, View transaction list View journal entry worksheet No o Transaction General Journal Debit Credit Cash 70,000 Sergio, Capital Tiger, Capital Phil, Capital Enie, Capital 59,000 23,600 17.700 17,700