On November 1, Alan Company signed a 120-day, 10 % note payable, with a face value of $27,000. What is the adjusting entry for the accrued interest at December 31 on the note? (Use 360 days a year.) Multiple Choice Debit Interest Payable, $300; credit Interest Expense, $300. Debit Interest Expense, $600; credit Interest Payable. $600. Debit Interest Payable, $900; credit Interest Expense, $900,