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The Distance Plus partnership has the following capital balances at the begonning of the current year along with respective profit and loss percentages: Each of

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The Distance Plus partnership has the following capital balances at the begonning of the current year along with respective profit and loss percentages: Each of the following questions should be vewed independently Required: a. If Sergio invests $180,000 in cash in the business for a 30 percent interest, what joumat entry is recorded? Assume that the bonus method is used. b. If Sergio invests $150,000 in cash in the business for a 30 percent interest, what joumal entry is recorded? Assume that the bonus method is used c. If Sergio invests $130,000 in cash in the business for a 25 percent interest, what journat entry is recordicd? Assume that the goodwil method is used. Complete this question by entering your answers in the tabs below. If Sergio invests $180,000 in cash in the business for a 30 percent interest, what journal entry is recorded? Assume that the bonus method is used. Note: if no entry is required for a transaction/event, select "No journal entry required" in the first account field. If Sergio invests $150,000 in cash in the business for a 30 percent interest, what fournal entry is recorded? Assume that the bonus method is used. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. If Sergio invests $130,000 in cash in the business for a 25 percent interest, what journal entry is recorded? Assume that the goodwill method is used. Note: if no entry is required for a transaction/event, select "No fournal entry required" in the first account field

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