Question: A $46,000, three-month, 7% note payable was issued on December 1, 2024. What is the amount of accrued interest on December 31, 2024? (Do

A $46,000, three-month, 7% note payable was issued on December 1, 2024.

A $46,000, three-month, 7% note payable was issued on December 1, 2024. What is the amount of accrued interest on December 31, 2024? (Do not answer to the nearest dollar.)

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