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QS 9-4 Interest-bearing note transactions LO P1 On November 7, 2017, Mura Company borrows $140,000 cash by signing a 90-day, 10% note payable with a
QS 9-4 Interest-bearing note transactions LO P1 On November 7, 2017, Mura Company borrows $140,000 cash by signing a 90-day, 10% note payable with a face value of $140.000. (Use 360 days a year. Do not round your intermedliate calculations.) 1. Compute the accrued interest payable on December 31, 2017 Principal x Rate (%) x Time l Interest Total through maturity 101%190/360 Year end interest$ accrual interest recognized February 5 140,000 140,000 140,000 101 %90/360 |S 1 101%190/360
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