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Nequired information Exercise 5-17 (Static) Notes receivable-interest accrual and collection LO 5-6 (The following information applies to the questions displayed below) Agrico Incorporated accepted
Nequired information Exercise 5-17 (Static) Notes receivable-interest accrual and collection LO 5-6 (The following information applies to the questions displayed below) Agrico Incorporated accepted an 8-month, 12% (annual ratel, $7,000 note from one of ts customers on July 15, 2022 Interest is payable with the principal at maturity Exercise 5-17 (Static) Part b (1) b-1. Prepare the horizontal model to record collection of the note and interest at maturity Note: Enter decreases to account balances with a minus sign A Interest receivable Balance Sheet Lisbites Stockholders Equity
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