On November $7,$ Mura Company borrows $$160,000$ cash by signing a $90-$day, $8\%,$$$160,000$ note payable.

Compute the accrued interest payable on December $31.$

& $3.$ 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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Prepare the journal entries to record the accrued interest expense at December $31$ and payment of the note at maturity on February $5.$ Note: Use $360$ days a year. Do not round your intermediate calculations.

$\backslash$table$[[$No$,$Date,General Journal,Debit,Credit$],[1,$December $31,$Interest expense,,$],[,,$Interest payable,,$],[,,,,160,000],[,$February $05,$Notes payable,,$],[,,$Interest payable,,$],[,,$Interest expense,,$]]$