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Required information Exercise 5-17 (Algo) Notes receivable-interest accrual and collection LO 5-6 [The following information applies to the questions displayed below.] Agrico Incorporated accepted
Required information Exercise 5-17 (Algo) Notes receivable-interest accrual and collection LO 5-6 [The following information applies to the questions displayed below.] Agrico Incorporated accepted a 10-month, 13% (annual rate), $5,150 note from one of its customers on July 15, 2022; interest is payable with the principal at maturity. ercise 5-17 (Algo) Part b (1) Prepare the horizontal model to record collection of the note and interest at maturity. e: Enter decreases to account balances with a minus sign. Do not round your intermediate calculation. Round your final wers to two decimal places. Assets Cash Depreciation expense Interest receivable Interest revenue Balance Sheet Liabilities Stockholders' Equity Net Income + + Income Statement Revenues
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