QUESTION 2 Blue Traders obtained a loan for R53,000 on 1 March 2018. Interest is calculated at 13% per annum payable every six months in arrears, starting from 1 March. The financial year end of this entity is 30 June 2019. If the loan amount remained unchanged, calculate the amount (rounded to the nearest RAND) that will be used for the reversal on 1 July 2019 in this journal entry below: 1 July 2019: Debit Expenses payable R? Credit Interest expense R