TB MC Qu. 11-77 On November 1, Alan Company... On November 1, Alan Company signed a 120-day, 10% note payable, with a face value of $39,000. 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 $39.000, debit Interest Payable $650 credit Cash $39,650, Debit Cash $39.650credit Notes Payable $39,650 Debit Notes Payable $39,000; debit Interest Expense $1300, credit Cash $40,300 Debit Notes Payable $39.000, debit interest Payable $650, debit Interest Expense $650 credit Cash $40,300