USA Question about how to record investment received by taking on a new member into business.

Jul 28, 2015
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United States
We have recently accepted a 50% member into our business. I am trying to get confirmation of how I should record the initial investment they have made to become a member. We are a nonprofit. Should it just be a debit to cash and a credit to a Paid in Capital-New member name account listed for the new member?

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