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Davis, Inc. borrows $49,071 on July 1 from the bank by signing a $49,071, 5%, 1- year note payable. Calculate the accrued interest at

Davis, Inc. borrows $49,071 on July 1 from the bank by signing a $49,071, 5%, 1- year note payable. Calculate the accrued interest at December 31st assuming adjusting entries are only made at the end of the year. Round your answer to the nearest whole number (zero decimal places). Your Answer: Answer

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