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Help On November 7, 2017, Mura Company borrows $180,000 cash by signing a 90-day, 5% note payable with a face value of S180000 (Use 360

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Help On November 7, 2017, Mura Company borrows $180,000 cash by signing a 90-day, 5% note payable with a face value of S180000 (Use 360 days a year. Do not round your intermediate calculations.) 1. Compute the accrued interest payable on December 31, 2017. Principal xRate (%) xTime | =Interest Total through maturity Year end interest accrual $ 180,00 180,000 Interest recognized February 5 $ 180,000 51% 2. &3. Prepare the journal entry to record the accrued interest expense at December 31, 2017 and payment of the note at maturity View transaction list Journal entry worksheet Record the accrued interest expense.

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