Check my work On November 7, Mura Company borrows $160,000 cash by signing a 90-day, 8%, $160,000 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 Complete this question by entering your answers in the tabs below. Reg 1 Reg 2 and 3 ces Compute the accrued interest payable on December 31. Jse 360 days a year. Do not round your intermediate calculations) Principal x Time x Rate(%) % = Interest Total through maturity Year and interest accrual Interest recognized February 5 % % Req2 and 3 > Check my work Prepare the journal entry to record the accrued interest expense at December 31 and payment of the note at maturity on February 5, (Use 360 days a year. Do not round your intermediate calculations.) View transaction list Journal entry worksheet