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Required information [The following information applies to the questions displayed below.] Agrico Incorporated accepted a 10-month, 11% (annual rate), $4,200 note from one of
Required information [The following information applies to the questions displayed below.] Agrico Incorporated accepted a 10-month, 11% (annual rate), $4,200 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. Do not round your intermediate calculation. Round your answers to 2 decimal places. 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
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