Home / Questions / On November 7, 2017, Mura Company borrows $350,000 cash by signing a 90-day, 8 % note payable with a
On November 7, 2017, Mura Company borrows $350,000 cash by signing a 90-day, 8 % note payable with a face value of $3500,000. (Use 360 days a year. Do not round your Intermediate calculations.) .Compute the accrued interest payable on December 31, 2017. Principal x Rate (% Time Interest Total through maturity Year end interest accrual 22704 Interest recognized February 5 t December 31, 2017 and payment of the note at maturity 2. & 3. Prepare the journal entry to record the accrued Interest expense View transaction list Journal entry worksheet 1 2 Record the accrued interest expense. Note: Enter dabits bafore credits Date General Journal Debit Credit Dec 31, 2017 Clear entry View general joumal Record entry
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