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On November 7 Mura Company borrows $240,000 cash by signing a 90-day, 11%, $240,000 note payable 1. Compute the accrued interest payable on December 31

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On November 7 Mura Company borrows $240,000 cash by signing a 90-day, 11%, $240,000 note payable 1. Compute the accrued interest payable on December 31 2. & 3. Prepare the journal entry to record the accrued interest expense at December 31 and payment of the note at maturity on February 5 Complete this question by entering your answers in the tabs below. Reg 1 Reg 2 and 3 Interest Compute the accrued interest payable on December 31. (Use 360 days a year. Do not round your intermediate calculations) Principal * Rate (%) * Time Total though maturity Year ond Interest accrual Interest recognized February 5 Reg 2 and 3 >

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