QS 11-4 Interest-bearing note transactions LO P1 On November 7, 2017, Mura Company borrows $270,000 cash by signing a 90-day, 7% note payable with a face value of$270000 se 360 days a year. Do not round your intermediate calculations.) 1. Compute the accrued interest payable on December 31, 2017. Principal $ 270,000 x Rate (%) x Time - Interest 71% 90/360 Total through maturity Year end interest accrual Interest recognized February5 $ 4,725