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

loss percentages:

Each of the following questions should be vlewed independently.

Required:

a$.$ If Serglo Invests $$150,000$ in cash In the business for a $20$ percent Interest, what journal entry is recorded? Assume that the bonus

method is used.

b$.$ If Serglo Invests $$71,000$ in cash in the business for a $20$ percent Interest, what joumal entry is recorded? Assume that the bonus

method is used.

c$.$ If Sergio Invests $$80,000$ in cash in the business for a $20$ percent interest, what journal entry is recorded? Assume that the goodwill

method is used.