3 On November 7, 2017, Mura Company borrows $360,000 cash by signing a 90-day, 9% note payable with a face value of $360,000. (Use 360 days a year. Do not round your intermediate calculations.) 1. Compute the accrued interest payable on December 31, 2017. 7.69 points Answer is not complete. Principal x Rate (%) x Time Interest 90/360 Total through maturity Year end interest accrual Interest recognized February 5 $ 360,000 $ 360,000 9 % 9 % 54/360 $ 360,000 9% 36/360 2. & 3. Prepare the journal entry to record the accrued interest expense at December 31, 2017 and payment of the note at maturity. X Answer is not complete. No Date General Journal Debit Credit 1 Dec 31, 2017 Interest expense Interest payable 2 Feb 05, 2018 360,000 Notes payable Interest payable Interest expense Cash Mc Graw HHI