Question: the date in the question is not correct. it should be May 15, 2022 NOT july!!! also what is already in the boxes is correct


![following information applies to the questions displayed below] Agrico Incorporated accepted a](https://s3.amazonaws.com/si.experts.images/answers/2024/09/66e294301bdfa_10366e2942fbc637.jpg)

Required information [The following information applies to the questions displayed below] Agrico Incorporated accepted a 10-month, 13% (annual fate), $5.650 note from one of its customers on July 15,2022 ; interest is payable with the principal at maturity. Required: a-1. Prepare the horizontal model to record the interest earned by Agrico during its year ended December 31, 2022. Note: Enter decreases to account balances with a minus sign. Do not round your intermediate calculation. Round your final answers to two decimal places. 15., 2022; 2. ind your final ( Answer is not complete. Required information [The following information applies to the questions displayed below] Agrico Incorporated accepted a 10-month, 13\% (annual rate). $5,650 note from one of its customers on July 15,2022 ; interest is payable with the principal at maturity. -1. Prepare the horizontal model to record collection of the note and interest at maturity. lote: Enter decreases to account balances with a minus sign. Do not round your intermediate calculation. Round your final inswers to two decimal places. inat Required information [The following information applies to the questions displayed beiow.] Agrico Incorporated accepted a 10-month, 13\% (annual rate), $5,650 note from one of its customers on July 15,2022 ; interest is payable with the principal at maturity. b-2. Prepare the journal entry to record collection of the note and interest at maturity. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Do not round ) intermediate calculation. Round your answers to 2 decimal places
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
