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help On November 1, Alan Compary signed a 120 day, 95 note payable, with a face value of $60,000. Alan made a December 3t year
help On November 1, Alan Compary signed a 120 day, 95 note payable, with a face value of $60,000. Alan made a December 3t year end accrual for interest eamed. What is the fournal entry as of March 1 to record the payment of the note? (Use 360 doys o year.) Mutripte choise Debit Notes Pnyable 560000 , debit literest Expense 51,800; credit Cash 561,800 Debi Notes Poyable $60,000, debit interest Payable 5900 , credit Cash $60,900 Debir Notes Payable $61,800, credit Interest Payable $900, credit lnterest Expense 3900 ; credit Cash $60,000 Debit Cash $60,900, credir Notes Payable $60,900
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