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9 On November 1, Alan Company signed a 120-day, 10% note payable, with a face value of $57,000. Alan made the appropriate year-end accrual. What

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9 On November 1, Alan Company signed a 120-day, 10% note payable, with a face value of $57,000. Alan made the appropriate year-end accrual. What is the journal entry as of March 1 to record the payment of the note assuming no reversing entry was made? (Use 360 days a year.) 00:05:53 Multiple Choice Debit Notes Payable $58,900; credit Interest Payable $950; credit Interest Expense $950; credit Cash $57,000 Debit Notes Payable $57,000; debit Interest Expense $1,900; credit Cash $58,900. 0 Debit Cash $57,950; credit Notes Payable $57,950. Debit Notes Payable $57,000; debit Interest Payable $950; credit Cash $57,950. Debit Notes Payable $57,000; debit Interest Payable $950: debit Interest Expense $950; credit Cash $58.900. Mc

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