On November 7 2017, Mura Company borrows S250,000 cash by signing a 90-day, 5% note payable with a face value of S25 (Use 360 days a year. Do not round your intermediate calculations.) 000 1. Compute the accrued interest payable on December 31, 2017 Principali xRate (%)-Time S 250,000 S 250.000 -Interest $3,125 1.875 S 1.250 Total through maturity Year end interest accrual Interest recognized February 5 $ 61% 54360 250 000 2. & 3. Prepare the journal entry to record the accrued interest expense at December 31, 2017 and payment of the note at ma View transaction list View journal entry worksheet Credit Debit General Journal No Date Dec 31, 2017 Interest expense Interest payable 2 Feb 05,2018 Notes payable Interest payable Interest expense Cash