On November 1, Alan Company signed a 120-day. 8% note payable, with a face value of $9,000. What is the adjusting entry for the accrued interest at December 31 on the note? Debit interest expense, $720, credit interest payable, $720. Debit interest payable, $120, credit interest expense, $120. Debit interest expense, $120, credit interest payable, $120. Debit interest payable, $240, credit interest expense, $240. Debit interest expense, $0, credit interest payable, $0