Ch 9: Homework 3 2.5 Saved eBook QS 9-5 (Algo) Interest-bearing note transactions LO P1 On November 7, Mura Company borrows $270,000 cash by signing a 90-day, 7%, $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. points Print Hint Req 1 Req 2 and 3 Compute the accrued interest payable on December 31. (Use 360 days a year. Do not round your intermediate calculations.) References Total through maturity Year end interest accrual Interest recognized February 5 Principal Rate (%) Time Interest % Reg 2 and 3> Help Save & Exit Submit Check my work