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14 On November 7, Mura Company borrows $280,000 cash by signing a 90-day, 10%, $280,000 note payable. 1. Compute the accrued interest payable on December
14 On November 7, Mura Company borrows $280,000 cash by signing a 90-day, 10%, $280,000 note payable. 1. Compute the accrued interest payable on December 31. 2. & 3. Prepare the journal entry to record the accrued interest expense at December 31 and payment of the note at maturity on February 5. points 00:43:39 Complete this question by entering your answers in the tabs below. Req 2 and 3 Req 1 Compute the accrued interest payable on December 31. (Use 360 days a year. Do not round your intermediate calculations.) x Rate (%) x Time Principal = Interest Total through maturity Year end interest accrual Interest recognized February 5
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