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On November 7. Mura Company borrows $250,000 cash by signing a 90 -day, 8%, $250,000 note payable. 1. Compute the accrued interest payable on December

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On November 7. Mura Company borrows $250,000 cash by signing a 90 -day, 8\%, $250,000 note payable. 1. Compute the accrued interest payable on December 31 . 2. \& 3. Prepare the journal entries to record the accrued interest expense at December 31 and payment of the note at maturity on February 5 Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Compute the acerued interest payable on December 31. (Use 360 days a year. Do not round your intermediate calculations.)

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