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On November 1, Alan Company signed a 120-day, 9% note payable, with a face value of $12,000, Alan made the appropriate year-end the payment of

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On November 1, Alan Company signed a 120-day, 9% note payable, with a face value of $12,000, Alan made the appropriate year-end the payment of the note assuming no reversing entry was made? (Use 360 days a year.) Multiple Choice Debit Notes Payable $12.000 debit Interest Payable $180, credit Cash $12,180 Debit Notes Payable 512.360, credit Interest Payable $180 credit interest Expense $180 credit Cash $12.000 Debit Notes Payable $12,000, debit interest Payable 5180, debit interest Expense $100 credit Cash $12.300 Debit Notes Payable $12.000. debit interest Expense $360 Credit Can $12,360 Debit Cash 512,180, credit Notes Payable 512180

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