Pena LLC has two members, Sophia and Maria, who share net income and loss equally. Total equity

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Pena 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 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 LLC, using the “Juan, Member Equity” account.

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