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On November 7, Mura Company borrows $190,000 cash by signing a 90 day, 7%, $190,000 note payable 1. Compute the accrued interest payable on December

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On November 7, Mura Company borrows $190,000 cash by signing a 90 day, 7%, $190,000 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 x Time Interest Total through maturity Year end interest accrual Interest recognized February 5 * Rate (15) % % % Roq 2 and 3 > Req 1 Reg 2 and 3 Prepare the journal 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.) View transaction list Journal entry worksheet Record the accrued interest expense. Note: Enter debits before credits General Journal Debit Credit Date Dec 31 Journal entry worksheet

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