On November 7, 2017, Mura Company borrows $160,000 cash by signing a 90-day, 9% note payable with a face value of $160,000. (Use 360 days a year. Do not round your intermediate calculations.) 1. Compute the accrued interest payable on December 31, 2017 Total through maturity Year end interest accrual Interest recognized February 5 Principal $ 160,000 $ 160.000 S 100,000 Rate (6) Time 8% 90/380 81% 54/350 8% 36/360 Interest 3,200 $ 1,820 $ 1,280 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 View journal entry worksheet NO Date General Journal Debit Credit 1 Dec 31, 2017 interest expense Interest payable 2 Feb 05, 2018 Notes payable 160.000