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

Tiger $(40\%)$ $ $180,000$

Phil $(30\%)150,000$

Ernie $(30\%)165,000$

Each of the following questions should be viewed independently.

If Sergio invests $$190,000$ in cash in the business for a $20$ percent interest, what journal entry is recorded? Assume that the bonus method is used.

If Sergio invests $$120,000$ in cash in the business for a $20$ percent interest, what journal entry is recorded? Assume that the bonus method is used.

If Sergio invests $$130,000$ in cash in the business for a $20$ percent interest, what journal entry is recorded? Assume that the goodwill method is used.