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the answer selected is wrong On November 1, Alan Company signed a 120-day, 8% note payable, with a face value of $9,000. What is the

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On November 1, Alan Company signed a 120-day, 8% note payable, with a face value of $9,000. What is the adjusting entry for the accrued interest at December 31 on the note? (Use 360 days a year.) Debit Interest Expcise. 5120. oredit interost No ayojusting entry is required Debit Interest Payable. \$120: credit Interest Expense. \$120

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