On November 7, 2017, Mura Company borrows $350,000 cash by signing a 90-day, 12% note payable with a face value of $350,000. (Use 360 days a year. Do not round your intermediate calculations.) 1. Compute the accrued interest payable on December 31, 2017. Principal X Rate (%) x Time = Interest Total through maturity Year end interest accrual Interest recognized February 5 (Use 360 days a year. Do not round your intermediate calculations.) 1. Compute the accrued interest payable on December 31, 2017. Principal X Rate (%) x Time = Interest 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