The Distance Plus partnership has the following capital balances at the beginning of the current year along with respective profit and loss percentages: Tiger (50%) Phil (20%) Ernie (30%) $ 165,000 135,000 150,000 Each of the following questions should be viewed independently. a. 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. b. If Sergio invests $100,000 in cash in the business for a 20 percent interest, what journal entry is recorded? Assume that the bonus method is used. c. If Sergio invests $120,000 in cash in the business for a 20 percent interest, what journal entry is recorded? Assume that the goodwill method is used. Complete this question by entering your answers in the tabs below. Required A Required B Required C If Sergio invests $190,000 in cash in the business for a 20 percent interest, what journal entry is recorded? A method is used. (If no entry is required for a transaction/event, select "No journal entry required" in the first View transaction list View journal entry worksheet No Transaction General Journal 1 1 Cash Sergio, capital Goodwill Tiger, capital Debit Cred 190,000 19 1