The Distance Plus partnership has the following capital balances at the beginning of the current year: Tiger (408 of profits and Losses) Phil (408) Ernie (201) $170,000 140.000 155,000 Each of the following questions should be viewed independently. a. If Sergio Invests $210,000 In cash in the business for a 30 percent interest, what journal entry is recorded? Assume that the bonus method is used. b. If Sergio Invests $175,000 in cash in the business for a 30 percent interest, what journal entry is recorded? Assume that the bonus method is used. c. If Sergio Invests $204,000 in cash in the business for a 30 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 Required Required If Sergio invests $210,000 in cash in the business for a 30 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.) Show less