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Required information Exercise 5-15 (Algo) Notes receivable-interest accrual and collection LO 6 [The following information applies to the questions displayed below] Agrico Inc. accepted

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Required information 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, 12% (annual rate), $4,250 note from one of its customers on May 15, 2019; interest is payable with the principal at maturity. Exercise 5-15 (Algo) Part a (1) Required: a-1. Prepare the horizontal model to record the interest earned by Agrico during its year ended December 31, 2019. (Use amounts with + for increases and amounts with - for decreases. Do not round your intermediate calculation. Round your final answers to two decimal places.) Assets Balance Sheet Liabilities Stockholders' Equity Net I

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