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Pena limited tiability company (LLC) has two members, Sophla and Maria, who share net income and loss equally. Total equity of the business is $111,000,

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Pena limited tiability company (LLC) has two members, Sophla and Maria, who share net income and loss equally. Total equity of the business is $111,000, which is made up of Sophia, Member Equity, of $65,500, and Maria, Member Equity, of $45,500. During the year, Juan invests $35,500 and is admitted to Pena limited liabliity 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 Juon to the limited liability company (LLC), using the "Juan. Member Equity" account. Journal entry worksheet Record admission of Juan to LLC. Note: Einter debits before creditw. Pena limited tiability company (LLC) has two members, Sophla and Maria, who share net income and loss equally. Total equity of the business is $111,000, which is made up of Sophia, Member Equity, of $65,500, and Maria, Member Equity, of $45,500. During the year, Juan invests $35,500 and is admitted to Pena limited liabliity 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 Juon to the limited liability company (LLC), using the "Juan. Member Equity" account. Journal entry worksheet Record admission of Juan to LLC. Note: Einter debits before creditw

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