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thank u! a On November 1, Alan Company signed a 120-day, 9% note payable, with a foce value of $54,000 Alan made a December 31
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a On November 1, Alan Company signed a 120-day, 9% note payable, with a foce value of $54,000 Alan made a December 31 year-end accrual for interest earned. What is the Journal entry as of March 1 to record the payment of the note? (Use 360 days a year) Multiple Choice Det e $54.000, debit interest Expense $4620, credt Cuh $55.620. Debit Notes Paysle 584,000, debit interest Payable $810: Credit Cash $54,10 Debit Cash $54.810, credt Notes Payable $54,810 Det Notes Payable $54,000, debitinerest Payable $810, debt interest Expense 300. Credit Cash 355.620 Debit Notes Payable $55,620, createst Payable 5810, credit Interest Expense 5810 Credit Cash $54.000 Step by Step Solution
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