Required information [The following information applies to the questions displayed below.] Agrico Incorporated accepted an 8-month, 12% (annual rate), $7,000 note from one of its customers on July 15, 2022; 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, 2022. Note: Enter decreases to account balances with a minus sign. Assets Balance Sheet Liabilities Stockholders' Equity Net Income + = Income Statement Revenues Expenses [The following information applies to the questions displayed below.] Agrico Incorporated accepted an 8-month, 12% (annual rate), $7,000 note from one of its customers on July 15, interest is payable with the principal at maturity. a-2. Prepare the journal entry to record the interest earned by Agrico during its year ended December 31, 2022. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. View transaction list Journal entry worksheet A 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 > ! Required information [The following information applies to the questions displayed below.] Agrico Incorporated accepted an 8-month, 12% (annual rate), $7,000 note from one of its customers on July 15, 2022; interest is payable with the principal at maturity. b-1. Prepare the horizontal model to record collection of the note and interest at maturity. Note: Enter decreases to account balances with a minus sign. Assets Balance Sheet Liabilities Stockholders' Equity Net Income + + + = Income Statement Revenues Expenses ! Required information [The following information applies to the questions displayed below.] Agrico Incorporated accepted an 8-month, 12% (annual rate), $7,000 note from one of its customers on July 15, 2022; interest is payable with the principal at maturity. b-2. Prepare the journal entry to record collection of the note and interest at maturity. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. View transaction list Journal entry worksheet > A Record the collection of principal and interest at the maturity date of a short- term note (for which some interest had been previously accrued). Note: Enter debits before credits. Event 1 General Journal Debit Credit Record entry Clear entry View general journal >