Pena limited liability company (LLC) has two members, Sophia and Maria, who share net income and loss equally. Total equity of the business is $100,000, which is made up of Sophia, Member Equity, of $60,000, and Maria, Member Equity, of $40,000. During the year, Juan invests $30,000 and is admitted to Pena limited liability company (LLC) with a 20% interest in equity and a 20% share in any income and loss. Prepare the entry to record the admission of Juan to the limited liability company (LLC), using the "Juan, Member Equity" account. View transaction list Journal entry worksheet < > Record admission of Juan to LLC. Note: Enter debits before credits. Transaction General Journal Debit Credit 1 Record entry Clear entry View general journal
