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

image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribed The Distance Plus partnership has the following capital balances at the beginning of the current year along with respectlve profit and loss percentages: Each of the following questions should be vlewed Independently. a. If Serglo Invests $90,000 in cash In the business for a 25 percent Interest, what journal entry Is recorded? Assume that the bonus method is used. b. If Serglo Invests $64,000 in cash In the business for a 25 percent Interest, what journal entry is recorded? Assume that the bonus method is used. c. If Serglo Invests $72,000 in cash In the business for a 25 percent Interest, what journal entry Is recorded? Assume that the goodwill method is used. If Sergio invests $90,000 in cash in the business for a 25 percent interest, what journal entry is recorded? Assur method is used. (If no entry is required for a transaction/event, select "No journal entry required" in the first ac Journal entry worksheet Record the admission of new partner under bonus method. Note: Enter debits before credits. If Sergio invests $64,000 in cash in the business for a 25 percent interest, what journal entry is recorded? method is used. (If no entry is required for a transaction/event, select "No journal entry required" in the firs Journal entry worksheet Record the admission of new partner under bonus method. Note: Enter debits before credits. If Sergio invests $72,000 in cash in the business for a 25 percent interest, what journal entry is recorded? Assum method is used. (If no entry is required for a transaction/event, select "No journal entry required" in the first acco Journal entry worksheet Record the entry for goodwill allocation, during the admission of a new partner. Note: Enter debits before credits. If Sergio invests $72,000 in cash in the business for a 25 percent interest, what journal entry is recorded? AssL method is used. (If no entry is required for a transaction/event, select "No journal entry required" in the first a Journal entry worksheet Record the investment made by the new partner in the business. Note: Enter debits before credits

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