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.

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.)

Record the collection of principal and interest at the maturity date of a short-term note (for which some interest had been previously accrued).

Event general journal debit credit