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Required information [The following information applies to the questions displayed below. Agrico Inc. accepted a 10-month, 13% (annual rate), $5,650 note from one of its
Required information [The following information applies to the questions displayed below. Agrico Inc. accepted a 10-month, 13\% (annual rate), $5,650 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 eamed by Agrico during its year ended December 31, 2019. (Use amounts with + for increases and amounts with - for decreases. Do not round your intermedlate calculation. Round your final answers to two decimal places.)
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