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Required information (The following information applies to the questions displayed below.) Agrico Incorporated accepted a 10-month, 14% (annual rate), $5,200 note from one of
Required information (The following information applies to the questions displayed below.) Agrico Incorporated accepted a 10-month, 14% (annual rate), $5,200 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. Do not round your intermediate calculation. Round your final answers to two decimal places. Assets Interest receivable 600.66 Balance Sheet Liabilities Stockholders' Equity Net Inco
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