On November $1$ Alan Company signed a $120-$ day $,10\%$ note payable $,$ with a face value of $ $22\mathrm{.}500$ What is the adjusting entry for the accrued interest at December $31$ on the note $?($ Use $360$ days a year $)02$:$19$:$42$ Multiple Choice Debit Interest Payable $ $500$ credit interest Expense $,$ $ $500$ Debit Interest Expense $ $375$ credit Interest Payable $,$ $ $375.$ Debit Interest Payable $,$ $ $750$ credit Interest Expense $,$ $ $750.$ No adjusting entry is required $.$ Debit Interest Expense $ $250$ credit Interest Payable $,$ $ $250$