On November 1, Alan Company signed a 120-day, 10% note payable, with a face value of $51,000. 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.) Multiple Choice Debit Notes Payable $51,000; debit Interest Payable $850; credit Cash $51,850. Debit Notes Payable $52,700; credit Interest Payable $850; credit Interest Expense $850; credit Cash $51,000 Debit Notes Payable $51,000; debit Interest Payable $850; debit Interest Expense $850; credit Cash $52,700. Debit Cash $51,850; credit Notes Payable $51,850. Debit Notes Payable $51,000; debit Interest Expense $1,700; credit Cash $52,700