On November 7, Mura Company borrows $360,000 cash by signing a 90-day, 9%, $360,000 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

February 5

On November 7. Mura Company borrows $360,000 cash by signing a 90 -day, 9%,$360,000 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 February 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.) Prepare the journal entries to record the accrued interest expense at December 31 and payment of the note at maturity on February 5 . (Use 360 days a year. Do not round your intermediate calculations.) Journal entry worksheet Note: Fnter detits bulore credits