The Distance Plus partnership has the following capital balances at the beginning of the current year: Tiger (50% of profits and losses) $ 160,000 Phil (40%) 130,000 Ernie (10%) 145,000 Each of the following questions should be viewed independently.

a. If Sergio invests $190,000 in cash in the business for a 25 percent interest, what journal entry is recorded? Assume that the bonus method is used. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

b. If Sergio invests $140,000 in cash in the business for a 25 percent interest, what journal entry is recorded? Assume that the bonus method is used. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

c. If Sergio invests $150,000 in cash in the business for a 25 percent interest, what journal entry is recorded? Assume that the goodwill method is used. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)