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Week 7- Chapter 11 On November 7, Mura Company borrows $360,000 cash by signing a 90-day 9% 5360.000 note payable 1 Compute the accrued interest

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Week 7- Chapter 11 On November 7, Mura Company borrows $360,000 cash by signing a 90-day 9% 5360.000 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 Regi Reg 2 and 3 Compute the accrued interest payable on December 31. 100 days a year. Do not round your intermediate codations Principal X Rate (5) Time -interest o 19 Total through matunty Year and interest acces Interest recognized February Reg 2 and > On November 7, Mura Company borrows $360,000 cash by signing a 90 day 9%, $360,000 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 matuwity on February 5 Complete this question by entering your answers in the tabs below Roq 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. 360dayaa Do Rotround your View transaction list Journal entry worksheet Record the accrued interest expense te debore et General Journal Diba Credit Dec 31

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