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On November 1, Alan Company signed a 120-day, 8% note payable, with a face value of $17;100. What is the adjusting entry for the accrued

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On November 1, Alan Company signed a 120-day, 8% note payable, with a face value of $17;100. What is the adjusting entry for the accrued interest at December 31 on the note? (Use 260 days a year) Multiple Choice Debit interest Expense 304 credit interest Payable, 5104 o Debit interest Payablo $456credit interest Expense 5456 Debat interest Payable, 5152 credit interest Expense. 5152 Debit interest Expense 5228 credit interest Payable, 5228 0 No adjustinej untry is required

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