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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
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 Fobruary 5 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.) 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. Prepare the journal entries to record the accrued interest expense at December 31 and payment of the note at maturity on Fcbruary. 5 . (use 360 days a year. Do not round your intermedlate calculations.) Journal entry worksheet
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