TB MC Qu. 11-77 On November 1, Alan Company... On November 1, Alan Company signed a 120-day, 9% note payable, with a face value of $18,000. Alan made the appropriate year-end accrual. What is the journal entry as of March 1 to record the payment of the note assuming no reversing entry was made? (Use 360 days a year.) Multiple Choice Debit Notes Payable $18.540, credit interest Payable $270, credit Interest Expense $270, credit Cash $18,000 Debit Notes Payable $18,000; debit Interest Payable $270; debit Interest Expense $270 credit Cash $18,540. Cach 1977 M D1037