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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

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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 viewed independently. a. If Sergio invests $190,000 in cash in the business for a 25 percent interest, what journal entry is recorded? Assume that the bonus method is used. b. If Sergio invests $150,000 in cash in the business for a 25 percent interest, what journal entry is recorded? Assume that the bonus method is used. c. If Sergio invests $170,000 in cash in the business for a 25 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. If Sergio invosts $190,000 in cash in the businets for o 2.5 pencent interest, what journal entry is recorded? Assume that the bonul method is used. (If no entry is requined for a transadion/event, stilect "Fo joumal fentry required" in the first account field, Complete this question by entering your answers in the tabs below. If Sergio invests $190,000 in cash in the business for a 25 percent interest, what journal entry is recorded? Assume that the bonu: method is used. (if no entry is required for a transactionvevent, select "No joumal entry required" in the first account field.) Journal entry worksheet Record the admission of new partner under bonus method. Note: Enter debits before credits: Complete this question by entering your answers in the tabs below. If Sergio invests $150,000 in cash in the business for a 25 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) Journal entry worksheet Record the admission of new parther under bonus method. Notei Erter debins before creots Complete this question by entering your answers in the tabs below. If Sergio invests $170,000 in cash in the business for a 25 percent interest, what journal entry is recorded? Assume that the goodwill method is used. (if no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Journal entry worksheet Pecord the entry for goodwill allocation, during the admission of a new partner. Notel Erier depac befoce credan

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