On November 1, Alan Company signed a 120-day, 8% note payable, with a face value of $21,600. 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, $288, credit interest Payable, $288. No adjusting entry is required Debit interest Payable, $576; credit Interest Expense, $576. Debit Interest Expense, $384, credit Interest Payable, $384 Debit Interest Payable, $102: credit Interest Expense, $192.