Question 3 S&S industries agree to sign a note on November 1, for a 120-day, not payable with a face of Water year) A Debit Interest Expense, 52.400, credit interest Payable, 52.400 8. No adjusting entry is required c. Debit interest Payable, $1,200: credit interest Expense, $1,200 D. Debit interest Expense, $1.200, credit interest Payable, 1.200