Please, if someone can help me in this:

Z (LLC ) was formed by 3 LLC companies (80%) and 1 Joint venture company (20%).

The LLC companies contributions were property in Z LLC and the joint venture contribution was property and cash in Z LLC.

How will I make the JE for the joint venture company contribution?

Do I make it like that?

Dr. Property

Dr. Cash

                    Cr. Joint Venture equity

in this case I should give the joint venture K-1?