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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
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 joumal entries 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 Compute the accrued interest payable on December 31. (Use 360 days a year. Do not round your intermediate calculations.) Principal * Rate (%) Time - Interest % Total through maturity Year end interest accrual Interest recognized February 5 % % Ren Req 2 and 3 > 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 Complete this question by entering your answers in the tabs below. Reg1 Reg 2 and 3 Prepare the journal entries to record the accrued interest expense at December 31 and payment of the note at maturity on February 5. (Une 360 days a year. Do not round your intermediate calculation View transaction ist A Journal entry worksheet 1 2 > Record the accrued interest expense. Not Enter debits before credit
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