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On November 7. Mura Company borrows $350,000 cash by signing a 90 day, 8%,$350,000 note payable 1. Compute the accrued interest payable on December 31.

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On November 7. Mura Company borrows $350,000 cash by signing a 90 day, 8%,$350,000 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 matunty on February 5

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