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Cod Googe TA Princples of Auting-South Help Save&Exit Submit On November 1, Alan Company signed a 120 day, 8% note payable, with a tace value

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Cod Googe TA Princples of Auting-South Help Save&Exit Submit On November 1, Alan Company signed a 120 day, 8% note payable, with a tace value of Saooo what is the aqushng entry for he accrued interest at December 31 on the note? (Use 360 days a year) Multiole Choice Debit hterest Expense, $120 credit Inerest Payable, $120 Debit interest payable. $120, credt interest expense, $120 Debit Interest Payable. $240, credt Interest Experse, $240 No ed)asting entry requred 6 8 W E

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