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Check my work 1 QS 9.4 Interest-bearing note transactions LO P1 On November 7, Mura Company borrows $270,000 cash by signing a 90-day, 10%, $270,000
Check my work 1 QS 9.4 Interest-bearing note transactions LO P1 On November 7, Mura Company borrows $270,000 cash by signing a 90-day, 10%, $270,000 note payable. nts 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. eBook Complete this question by entering your answers in the tabs below. Hint Req 1 Req 2 and 3 Ask Compute the accrued interest payable on December 31. (Use 360 days a year. Do not round your intermediate calculations.) Principal x Rate (%) X Time = Interest eferences % Total through maturity Year end interest accrual Interest recognized February 5 % %
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