The distance plus partnership has the following capital balances at the beginning of the current year: tiger (50% of profits and losses) $ 130,000 phil (40%) 100,000 ernie (10%) 115,000 each of the following questions should be viewed independently. if sergio invests $150,000 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 $100,000 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 goodwill method is used.