The post-closing trial balances of two proprietorships on January 1, 2022, are presented below. Sorensen Company...

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The post-closing trial balances of two proprietorships on January 1, 2022, are presented below. Sorensen Company Lucas Company Dr. Cr. Dr. Cr. Cash $12,000 $10,300 Accounts receivable 15,000 22,000 Allowance for doubtful accounts $2,600 $3,800 Inventory 23,000 15,800 Equipment 39,000 25,000 Accumulated depreciation-equipment 20,600 9,500 Notes payable Accounts payable Sorensen, capital Lucas, capital 15,500 12,900 18,900 26,700 31,400 20,200 $89,000 $89,000 $73,100 $73,100 The post-closing trial balances of two proprietorships on January 1, 2022, are presented below. Sorensen Company Lucas Company Dr. Cr. Dr. Cr. Cash $12,000 $10,300 Accounts receivable 15,000 22,000 Allowance for doubtful accounts $2,600 $3,800 Inventory 23,000 15,800 Equipment 39,000 25,000 Accumulated depreciation-equipment 20,600 9,500 Notes payable Accounts payable Sorensen, capital Lucas, capital 15,500 12,900 18,900 26,700 31,400 20,200 $89,000 $89,000 $73,100 $73,100