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Question 11 of 11 (0.25)/(1) (b) Further, it is agreed that Sorensen will invest an additional $5,400 in cash, and Lucas will invest an

Question 11 of 11\

(0.25)/(1)

\ (b)\ Further, it is agreed that Sorensen will invest an additional

$5,400

in cash, and Lucas will invest an additional

$20,500

in cash. Journalize the additional cash investment by each partner. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)\ No. Account Titles and Explanation\ Debit\ Credit\ Jan. 1\ (To record Sorensen's investment.)\ Jan. 1\ (To record Lucas' investment.)\ eTextbook and Media

image text in transcribed
Further, it is agreed that Sorensen will invest an additional $5,400 in cash, and Lucas will invest an additional $20,500 in cash. Journalize the additional cash investment by each partner. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Further, it is agreed that Sorensen will invest an additional $5,400 in cash, and Lucas will invest an additional $20,500 in cash. Journalize the additional cash investment by each partner. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)

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