$13$ QS $9-5($Algo$)$ Interest$-$bearing note transactions LO P$1$

On November $7,$ Mura Company borrows $$140,000$ cash by signing a $90-$day, $10\%,$$$140,000$ note payable.

Compute the accrued interest payable on December $31.$

& $3.$ Prepare the journal entries 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.

Req $1$

Req $2$ and $3$

Compute the accrued interest payable on December $31.$

Note: Use $360$ days a year. Do not round your intermediate calculations.

$\backslash$table$[[,$Principal,x Rate $(\%),$x Time,$=$ Interest,$],[$Total through maturity,,,$\%,,],[$Year end interest accrual,,,$\%,,],[$Interest recognized February $5,,,\%,,]]$