Question: Current Attempt in Progress The post-closing trial balances of two proprietorships on January 1, 2022, are presented below. Sorensen Company Lucas Company Dr. Dr.

Current Attempt in Progress The post-closing trial balances of two proprietorships onJanuary 1, 2022, are presented below. Sorensen Company Lucas Company Dr. Dr.Cash $10,000 $8,900 Accounts receivable 13,000 19.000 Allowance for doubtful accounts $2,200$3,300 Inventory 19.500 13,600 Equipment 33,000 21.000 Accumulated depreciation-equipment 17,800 8.100 Notespayable Accounts payable Sorensen, capital Lucas, capital 13,300 11,100 16.300 22.900 25,90017,100 $75,500 $75.500 $62,500 $62,500image text in transcribed

Current Attempt in Progress The post-closing trial balances of two proprietorships on January 1, 2022, are presented below. Sorensen Company Lucas Company Dr. Dr. Cash $10,000 $8,900 Accounts receivable 13,000 19.000 Allowance for doubtful accounts $2,200 $3,300 Inventory 19.500 13,600 Equipment 33,000 21.000 Accumulated depreciation-equipment 17,800 8.100 Notes payable Accounts payable Sorensen, capital Lucas, capital 13,300 11,100 16.300 22.900 25,900 17,100 $75,500 $75.500 $62,500 $62,500

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