Annual credit sales o Nadak period. o total S 62 6 million. The firm gives a 1.75% cash discount for payment within 10 days of the invoice date: 75% of Nadaks accounts receivable are aid within he discount The following information applies to the questions displayed below. Agrico, Inc., accepted a 10-month, 11% (annual rate), $5,750 note from one of its customers on May 15, 2016; interest is payable with the principal at maturity. a-2. Prepare the journal entry to record the interest eaned by Agrico during its year ended December 31, 2016. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Round your answers to 2 decimal places.) View transaction list Journal entry worksheet Record the accrued interest earned on a short-term note. Note: Enter debits before credits. Event General Journal Debit Credit Record entry Clear entry View general journal The following information applies to the questions displayed below Huser ann Co.'s assets include notes recevable rom customers. During fiscal 2016, the amount of notes recevable averaged $45 00 and the interest rate of the notes averaged 9.8%, a-3. Prepare a journal entry that accrues the interest income earned from the notes. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Record the accrued interest earned on short-term notes. Note: Enter debits before credits Event General Journal Debit Credit Record entry Clear entry View general journal