On November 1, Alan Company signed a 120-day, 10% note payable, with a face value of $13,500. What is the adjusting entry for the accrued interest at December 31 on the note? (Use 360 days a year.) Multiple Choice Debit Interest Expense. $150, credit Interest Payable, $150 Debit Interest Payable, $450 credit Interest Expense, $45 Debit Interest Payable, $300, credit Interest Expense, $300. ved Help Save & Exit Submit Debit Interest Expense, $150. credit interest Payable, $150 Debit interest Payable, $450, credit Interest Expense. $450 204 Debit Interest Payable, $300, credit interest Expense, $300 Debit interest Expense, $225, credit interest Payable, $225 No adjusting entry is required