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%)	$	145,000
Phil (30%)		115,000
Ernie (20%)		130,000

Each of the following questions should be viewed independently.

If Sergio invests $180,000 in cash in the business for a 25 percent interest, what journal entry is recorded? Assume that the bonus method is used.

If Sergio invests $125,000 in cash in the business for a 25 percent interest, what journal entry is recorded? Assume that the bonus method is used.

If Sergio invests $135,000 in cash in the business for a 25 percent interest, what journal entry is recorded? Assume that the goodwill method is used.