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Camila, Dani, and Olivia are members of an LLC and share net income and loss equally. Olivia withdraws from the business when equity for each

Camila, Dani, and Olivia are members of an LLC and share net income and loss equally. Olivia withdraws from the business when equity for each member is Camila, $18,200; Dani, $5,200; and Olivia, $7,200. Olivia is paid $10,400 for her equity in the LLC. Prepare the entry to record Olivias withdrawal. Hint: Use the following LLC equity accounts: Camila, Member Equity; Dani, Member Equity; Olivia, Member Equity

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