On November 1, Alan Company signed a 120-day, 9% note payable, with a face value of $24,000. Alan made a December 31 year-end accrual for interest earned. What is the journal entry as of March 1 to record the payment of the note? (Use 360 days a year.) Multiple Choice Debit Cash $24.360, credit Notes Payable $24,360. Debit Notes Payable $24,000; debit Interest Payable $360; debit Interest Expense $360; credit Cash $24,720. Debit Notes Payable $24,720; credit Interest Payable $360; credit Interest Expense $360; credit Cash $24,000. Debit Notes Payable $24,000; debit Interest Expense $720; credit Cash $24,720. Debit Notes Payable $24,000; debit Interest Payable $360; credit Cash $24,360