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

Tiger $(40\%)$ $ $155,000$

Phil $(20\%)125,000$

Ernie $(40\%)140,000$

Each of the following questions should be viewed independently.

Required:

If Sergio invests $$190,000$ in cash in the business for a $30$ percent interest, what journal entry is recorded? Assume that the bonus method is used.

If Sergio invests $$170,000$ in cash in the business for a $30$ percent interest, what journal entry is recorded? Assume that the bonus method is used.

If Sergio invests $$110,000$ in cash in the business for a $20$ percent interest, what journal entry is recorded? Assume that the goodwill method is used.