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Exercise 5-15 (Algo) Notes receivable-interest accrual and collection LO 6 [The following information applies to the questions displayed below.) Agrico Inc. accepted a 10-month,
Exercise 5-15 (Algo) Notes receivable-interest accrual and collection LO 6 [The following information applies to the questions displayed below.) Agrico Inc. accepted a 10-month, 11% (annual rate), $4,900 note from one of its customers on May 15, 2019, interest is payable with the principal at maturity Exercise 5-15 (Algo) Part a (2) 6-2. Prepare the journal entry to record the interest earned by Agrico during its year ended December 31, 2019. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Do not round your intermediate calculation. 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 1 General Journal Debit Credit Record entry Clear entry View general journal
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