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7 Required Information [The following information applies to the questions displayed below.) Agrico Inc. accepted a 10-month, 12.8% (annual rate). $9,000 note from one of
7 Required Information [The following information applies to the questions displayed below.) Agrico Inc. accepted a 10-month, 12.8% (annual rate). $9,000 note from one of its customers on May 15, 2019; interest is payable with the principal at maturity. Part 3 of 4 0.62 points b-1. Prepare the horizontal model to record collection of the note and interest at maturity. (Use amounts with + for increases and amounts with for decreases.) Income Statement Balance Sheet Liabilities eBook Assets Stockholders' Equity Net Income Revenues Expenses Hint Print References 8 Required information (The following information applies to the questions displayed below.] Agrico Inc. accepted a 10- month, 12.8% (annual rate). $9,000 note from one of its customers on May 15, 2019; interest is payable with the principal at maturity. Part 4 of 4 0.62 points b-2. Prepare the journal entry to record collection of the note and interest at maturity. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Skipped View transaction list eBook Journal entry worksheet 1 Hint Record the collection of principal and interest at the maturity date of a short- term note (for which some interest had been previously accrued). Print Note: Enter debits before credits. References Event General Journal Debit Credit 1 Record entry Record entry Clear entry View general Journal View general Journal
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