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19 points 2010033 On November 7, Mura Company borrows $270,000 cash by signing a 90-day, 10%, $270,000 note payable. 1. Compute the accrued interest
19 points 2010033 On November 7, Mura Company borrows $270,000 cash by signing a 90-day, 10%, $270,000 note payable. 1. Compute the accrued interest payable on December 31. 2. & 3. Prepare the journal entries to record the accrued interest expense at December 31 and payment of the note at maturity on February 5 Complete this question by entering your answers in the tabs below. Req 1 Reg 2 and 3 Compute the accrued interest payable on December 31. Note: Use 360 days a year. Do not round your intermediate calculations. Total through maturity Year end interest accrual i Interest recognized February 5 Principal Rate (%) xTime Interest
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