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On November 7 , Mura Company borrows $ 3 6 0 , 0 0 0 cash by signing a 9 0 - day, 9 %
On November Mura Company borrows $ cash by signing a day, $ note payable.
Compute the accrued interest payable on December
& Prepare the journal entries to record the accrued interest expense at December and payment of the note at maturity on February
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Compute the accrued interest payable on December
Note: Use days a year. Do not round your intermediate calculations.
tablePrincipal, Rate Time, InterestTotal through maturity,,Year end interest accrual,,Interest recognized February
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