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2) Complete the journal entries for the following financing transactions involving nonowners. (Points: 25) a. A farmer borrows $5,000 from the local bank for operating

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2) Complete the journal entries for the following financing transactions involving nonowners. (Points: 25) a. A farmer borrows $5,000 from the local bank for operating expenses. b. A farmer makes a payment of $3,500 in interest and $10,000 in principal on a real estate loan. C. A farmer gets a loan from a relative for a $1,000 for use in the farm business. d. The farmer in (c) pays back the relative without interest

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