Required information [The following information applies to the questions displayed below] Agrico Incorporated accepted a 10-month....
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Required information [The following information applies to the questions displayed below] Agrico Incorporated accepted a 10-month. 11% (annual rate), $4,850 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. Balance Sheet Assets Liabilities Interest receivable 293.43 Stockholders' Equity Required information [The following information applies to the questions displayed below] Agrico Incorporated accepted a 10-month. 11% (annual rate), $4,850 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. Balance Sheet Assets Liabilities Interest receivable 293.43 Stockholders' Equity
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