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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

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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 journat 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 accrued interest payable on December 31. (USe 360 days a year Do not round your intermediate calculations.)

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