Jupiter company signed a one-year $47,000 note payable at 8% interest on may 1, 2016. if jupiter company only adjusts its accounts once a year at year-end, how much interest expense was accrued on december 31, 2016? (round any intermediate calculations to two decimal places, and your final answer to the nearest whole number.)
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Jupiter company signed a one-year $47,000 note payable at 8% interest on may 1, 2016. if jupiter com...
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