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On October 1, 2019, Moda Jewelers accepted a 5-month, 13% promissory note for $6,500 for an overdue debt settlement. The accounting period ends on 31

On October 1, 2019, Moda Jewelers accepted a 5-month, 13% promissory note for $6,500 for an overdue debt settlement. The accounting period ends on 31 December.

Calculate the accrued interest on the bond as of December 31, 2019.

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