UT 5 The Distance Plus partnership has the following capital balances at the beginning of the current year along with respective profit and loss percentages: 3.3 points Tiger (50%) Phil (20%) Ernie (30%) $ 135,000 105,000 120,000 eBook Each of the following questions should be viewed Independently. Print a. If Sergio Invests $150,000 in cash in the business for a 20 percent Interest, what journal entry is recorded? Assume that the bonus method is used. b. If Sergio Invests $80,000 in cash in the business for a 20 percent Interest, what journal entry is recorded? Assume that the bonus method is used. c. If Sergio Invests $100,000 in cash in the business for a 20 percent Interest, what Journal entry is recorded? Assume that the goodwill method is used. References Complete this question by entering your answers in the tabs below. Required A Required B Required c If Sergio invests $150,000 in cash in the business for a 20 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.) View transaction list Journal entry worksheet Record the admission of new partner under bonus method. Note: Enter debits before credits Transaction General Journal Debit Credit 1