here is a better image

On November 7, 2017, Mura Company borrows $270,000 cash by signing a 90-day, 10% note payable with a face value of $270,000. (Use 360 days a year. Do not round your intermediate calculations.) 1. Compute the accrued interest payable on December 31, 2017 Principal * Rate (%) * Time Interest Total through maturity Year and interest accrual Interest recognized February 5 % % 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 1 2 > Record the accrued interest expense. Note: Enter debits before credits General Journal Date Dec 31, 2017 Debit Credit Record entry Clear entry View general Journal On November 7, 2017, Mura Company borrows $270,000 cash by signing a 90-day, 10% note payable with a face value of $270,000. (Use 360 days a year. Do not round your intermediate calculations.) 1. Compute the accrued interest payable on December 31, 2017. Principal x Time Interest x Rate (%) % % Total through maturity Year end interest accrual Interest recognized February 5 % 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