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On November 1, Alan Company signed a 120-day, 10% note payable, with a face value of $39,000. Alan made the appropriate year-end accrual What is

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On November 1, Alan Company signed a 120-day, 10% note payable, with a face value of $39,000. 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.) Debi Notes Payable $39000, debit Interest Expense $1,300, credir Cash $40,300 O Debt Cash $39650, credir Notes Payable $39,650. Debit Notes Payable $40.300, credit Interest Payable $650, credit Interest Expense $650, credit Cash $39,0o0 Debit Notes Payable S39.000, debit Interest Payable S650, debit Interest Expense S650, credit Cash S40,30. Debi Notes Poyabie $39,000 debi Interest Poyable $650, credit Cosh $39650

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