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Required information [The following information applies to the questions displayed below) Agrico Inc. accepted a 10-month, 14% (annual rate). $5,300 note from one of its
Required information [The following information applies to the questions displayed below) Agrico Inc. accepted a 10-month, 14% (annual rate). $5,300 note from one of its customers on May 15, 2019; interest is payable with the principal at maturity 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 Revenues Stockholders' Equity Net Income
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