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Backlund Farm Supply completed the work sheet on page 609 for the year ended December 31, 20--. Owner's equity as of January 1, 20--, was

image text in transcribed Backlund Farm Supply completed the work sheet on page 609 for the year ended December 31, 20--. Owner's equity as of January 1, 20--, was $50,000. The current portion of Mortgage Payable is $1,000.

Book used is College Account 21st Edition by Heintz & Parry

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