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On November 7 , Mura Company borrows $ 3 3 0 , 0 0 0 cash by signing a 9 0 - day, 5 %

On November 7, Mura Company borrows $330,000 cash by signing a 90-day, 5%,$330,000 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
Complete this question by entering your answers in the tabs below.
Req 1
Req 2 and 3
Compute the accrued interest payable on December 31.
Note: Use 360 days a year. Do not round your intermediate calculations.
\table[[,Principal, Rate (%), Time,= Interest,],[Total through maturity,,,%,,],[Year end interest accrual,,,%,,],[Interest recognized February 5,,,%,,]]
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