Exercise $5-17($Algo$)$ Notes receivable$-$interest accrual and collection LO $5-6$

$[$The following information applies to the questions displayed below.$]$

Agrico Incorporated accepted a $8-$month, $13\%($annual rate$),$ $$4,200$ note from one of its customers on July $15,2022$ ; interest is payable with the principal at maturity.

Exercise $5-17($Algo$)$ Part a $(2)$

a$-2.$ 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 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.

Journal entry worksheet

A

Record the accrued interest earned on a short$-$term note.

Note: Enter debits before credits.

$\backslash$table$[[$Event$,$General Journal,Debit,Credit,$],[1,,,,],[,,,,],[,,,,],[,,,,],[,,,,]]$