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Agrico Incorporated accepted a 10-month, 14% (annual rate), $5,200 note from one of its customers on July 15, 2022; interest is payable with the
Agrico Incorporated accepted a 10-month, 14% (annual rate), $5,200 note from one of its customers on July 15, 2022; interest is payable with the principal at maturity. b-1. Prepare the horizontal model to record collection of the note and interest at maturity. Note: Enter decreases to account balances with a minus sign. Do not round your intermediate calculation. Round your fir answers to two decimal places. Assets Balance Sheet Liabilities + Stockhold
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