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Item 3 3 points eBookHintPrintReferencesCheck my workCheck My Work button is now enabled 1 Item 3 On November 7 , Mura Company borrows $ 2

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eBookHintPrintReferencesCheck my workCheck My Work button is now enabled1Item 3
On November 7, Mura Company borrows $270,000 cash by signing a 90-day, 10%, $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.

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