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Prepare the horizontal model to record the interest earned

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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).

Reference no: EM131679930

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