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Interest receivable, other shown values are correct. interest revenue is 99.69. It is not (398.75) Required information [The following information applies to the questions displayed
Interest receivable, other shown values are correct. interest revenue is 99.69. It is not (398.75)
Required information [The following information applies to the questions displayed below.) Agrico Inc. accepted a 10-month, 11% (annual rate). $4,350 note from one of its customers on May 15, 2019; interest is payable with the principal at maturity, -1. Prepare the horizontal model to record collection of the note and interest at maturity. (Use amounts with + for increases and mounts with - for decreases. Do not round your intermediate calculation. Round your final answers to two decimal places.) Balance Sheet Liabilities Stockholders' Equ Assets Cash Note receivable interest receivable 4.748.75 (4.350.00) Step by Step Solution
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