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Tiger (50% of profits and losses Phil (30%) Ernie (20%) $145. 115,000 130,000 Each of the following questions should be viewed independently a. If Sergio

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Tiger (50% of profits and losses Phil (30%) Ernie (20%) $145. 115,000 130,000 Each of the following questions should be viewed independently a. 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. b. 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 c. 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. Complete this question by entering your answers in the tabs below. Required A Required B Required 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 no entry is required for a transaction/event, select "No joumal entry required" in the first account field.) Tiger (50% of profits and losses Phil (30%) Ernie (20%) $145. 115,000 130,000 Each of the following questions should be viewed independently a. 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. b. 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 c. 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. Complete this question by entering your answers in the tabs below. Required A Required B Required 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 no entry is required for a transaction/event, select "No joumal entry required" in the first account field.)

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