QUESTION 3 On November 14, Alan Company signed a 120-day, 8% note payable, with a face value of $12,600. a) What is the adjusting entry for the accrued interest at December 31 year end on the note? (round to the nearest dollar) b) If financial statements are produced monthly, what is the journal entry at the end of the term of the note? For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). BIYS Paragraph Arial CHT 10pt 111 A.