(Answered) Question - agrico inc accepted a 10-month 13 annual rate

Accounting

Question - Agrico. Inc., accepted a 10-month, 13% (annual rate), $5,900 note from one of its customers on June 15; interest is payable with the principal at maturity.

Required: Prepare the horizontal model to record the interest earned by Agrico during its fiscal year ended October 31 (+ for increase and - for decrease).

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