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whats the right answer? ! Required information [The following information applies to the questions displayed below.] Agrico Inc. accepted a 10-month, 13% (annual rate), $5,150
whats the right answer?
! Required information [The following information applies to the questions displayed below.] Agrico Inc. accepted a 10-month, 13% (annual rate), $5,150 note from one of its customers on May 15, 2019; interest is payable with the principal at maturity. b-2. Prepare the journal entry to record collection of the note and interest at maturity. (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.) Answer is not complete. No Event General Journal Debit Credit 1 1 Interest receivable 418.44 X Interest revenue 418.44 x Cash x 5,568.44 X Interest receivable 139.48 Interest revenue x 139.48 X Cash x 5,707.92 XStep by Step Solution
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