QS 9-4 Interest-bearing note transactions LO P1 On November 7, Mura Company borrows $270,000 cash by signing a 90-day, 7% $270,000 note payable. 1. Compute the accrued interest payable on December 31 2. & 3. Prepare the journal entry 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. Hint Reg1 Reg 2 and 3 Compute the accrued interest payable on December 31. (Use 360 days a year. Do not round your Intermediate calculations.) Print Principal x Time - Interest ferences Total through maturity Year and interest aconual interest recognized February 5 * Rate(%) % % Reg 2 and 3) Req1 Req 2 and 3 Prepare the fournal entry 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.) Book View transaction list Hint Journal entry worksheet 1 2 > Print Record the accrued interest expense. ferences Nobot Enter debits before credits Date General Journal Debit Credit Dec 31 Record entry Clear entry View general Journal