QS 9-5 (Algo) Interest-bearing note transactions LO P1 On November 7, Mura Company borrows $250,000 cash by signing a 90-day, 5%, $250,000 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. Reg 1 Reg 2 and 3 Compute the accrued interest payable on December 31. (Use 360 days a year. Do not round your intermediate calculations.) Principal * Time = Interest Total through maturity Year and interest accrual Interest recognized February 5 x Rate(%) % % % Req 2 and 3> Complete this question by entering your answers in the tabs below. Reg 1 Req 2 and 3 Prepare the journal entry to record the accrued interest expense at December 31 and payment of the note at matu (Use 360 days a year. Do not round your intermediate calculations.) View transaction list Journal entry worksheet >