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Anty and Jin form an Limited liability company ( LLC ) . Jin invests $ 4 , 4 0 0 cash, equipment with a market

Anty and Jin form an Limited liability company

(

LLC

) .

Jin invests $

4, 400

cash, equipment with a market value of $

7, 400,

and land with a market value of $

47, 000 .

Prepare the LLC

s journal entry to record Jin

s investment. Hint: The LLC records Jin

s investment using the

Jin

,

Member Equity

account.

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