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The Distance Plus partnership has the following capital balances at the beginning of the current year along with respectlve profit and loss percentages: Each of the following questions should be vlewed Independently. a. If Serglo Invests $90,000 in cash In the business for a 25 percent Interest, what journal entry Is recorded? Assume that the bonus method is used. b. If Serglo Invests $64,000 in cash In the business for a 25 percent Interest, what journal entry is recorded? Assume that the bonus method is used. c. If Serglo Invests $72,000 in cash In the business for a 25 percent Interest, what journal entry Is recorded? Assume that the goodwill method is used. If Sergio invests $90,000 in cash in the business for a 25 percent interest, what journal entry is recorded? Assur method is used. (If no entry is required for a transaction/event, select "No journal entry required" in the first ac Journal entry worksheet Record the admission of new partner under bonus method. Note: Enter debits before credits. If Sergio invests $64,000 in cash in the business for a 25 percent interest, what journal entry is recorded? method is used. (If no entry is required for a transaction/event, select "No journal entry required" in the firs Journal entry worksheet Record the admission of new partner under bonus method. Note: Enter debits before credits. If Sergio invests $72,000 in cash in the business for a 25 percent interest, what journal entry is recorded? Assum method is used. (If no entry is required for a transaction/event, select "No journal entry required" in the first acco Journal entry worksheet Record the entry for goodwill allocation, during the admission of a new partner. Note: Enter debits before credits. If Sergio invests $72,000 in cash in the business for a 25 percent interest, what journal entry is recorded? AssL method is used. (If no entry is required for a transaction/event, select "No journal entry required" in the first a Journal entry worksheet Record the investment made by the new partner in the business. Note: Enter debits before credits

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