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On November 1, Alan Company signed a 120-day, 10% note payable, with a face value of $69,000. 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 $69,000. 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 O Debit Notes Payable $71,300; credit Interest Payable $1,150; credit Interest Expense $1150; Credit Cash $69,000 Debit Notes Payable $69,000, debit Interest Expense $2,300, credit Cash $71,300. Debit Cash $70,150; credit Notes Payable $70,150. O Debit Notes Payable $69.000, debit interest Payable Suso: credit Cash $70,150. MacBook Air

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