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Your company has two outstanding notes receivable. On March 1, the company lent $78,500 to a customer, who signed a 6-month 7 promissory note On

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Your company has two outstanding notes receivable. On March 1, the company lent $78,500 to a customer, who signed a 6-month 7 promissory note On May 1, the company lent 525,600 to a second customer, who signed a 11-month, 6% promissory note. Your company's fiscal year end is July 31, interest is calculated based on months and is due when the note is settled. How much accrued interest would you recognize at year end for the two notes? Type your answer below to the nearest $0.01 with no comma or sign teg. 2398,61)

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