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Required information [The following information applies to the questions displayed below.] Agrico Inc. accepted a 10-month, 10% (annual rate), $5,850 note from one of
Required information [The following information applies to the questions displayed below.] Agrico Inc. accepted a 10-month, 10% (annual rate), $5,850 note from one of its customers on May 15, 2019; interest is payable with the principal at maturity. b-1. Prepare the horizontal model to record collection of the note and interest at maturity. (Use amounts with + for increases and amounts with - for decreases. Do not round your intermediate calculation. Round your final answers to two decimal places.) Assets Balance Sheet Liabilities Stockholders' Equity Net Income
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