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The Distance Plus partnership has the following capital balances at the beginning of the current year. Each of the following questions should be viewed independently.

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The Distance Plus partnership has the following capital balances at the beginning of the current year. Each of the following questions should be viewed independently. a. If Sergio inverts $145,000 in cash in the business for a 25 percent interest, what journal entry is recorded? Assume that bonus method is used

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