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[The following information applies to the questions displayed below] Agrico incorporated accepted a 10-month, 13% (annual fate), $4,100 note from one of its customers on
[The following information applies to the questions displayed below] Agrico incorporated accepted a 10-month, 13% (annual fate), $4,100 note from one of its customers on July 15,2022. interest is payable with the principal at maturity. Exercise 5-17 (Algo) Part a (2) 0-2. Prepare the journal entry to record the interest earned by Agrico during its year ended December 31,2022 Note: If no entry is required for a tronsoction/event, select "No journal entry required" in the first account field. Do not round your intermediate calculation. Round your answers to 2 decimal places. Journal entry worksheet Record the accrund inteciest eamed on a shart term note. Bacte biter debsis before credis. [The following information applies to the questions displayed below] A company makes the payment of a one-year insurance premium of $4,968 on April 1,2022 Exercise 5-21 (Algo) Part b (2) b-2. Prepare the adjusting entry that will be made at the end of every month to show the amount of insurance premium "used" that month. Note: If no entry is required for a tronsoction/event, select "No journol entry required" in the first occount fleld. Journal entry worksheet Record the expiration of prepaid insurance each month. Note: Erter debits before onedith
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