On November 1, Alan Company signed a 120-day, 11% note payable, with a face value of $14,400. What is the adjusting entry for the accrued interest at December 31 on the note? (Use 360 days a year.) Multiple Choice o Debit Interest Payable, $528; credit Interest Expense, $528. Debit interest Expense, $264 credit Interest Payable, $264 Deon Debit interest payable $176: credit interest expense. 5176