Question: just need help with 1 and 2 journal entry On November 7, Mura Company borrows $270,000 cash by signing a 90-day, 10%, $270,000 note payable

On November 7, Mura Company borrows $270,000 cash by signing a 90-day, 10%, $270,000 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 Book Complete this question by entering your answers in the tabs below. Hint Print forences Req1 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 debts before credits Save 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 2 Record the payment of note at maturity on February 5. nes Date Feb 05 Debit Credit General Journal Notes payable interest payable interest expense Cash Record entry Clear entry View general journal
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