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use the photo to answer the question On November 1. Alan Company signed a 120-day. 10% note payable; with a face value of $39.000. Alan

use the photo to answer the question
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On November 1. Alan Company signed a 120-day. 10% note payable; with a face value of $39.000. Alan made a December 31 yearand accrual for interest earmed. What is the journal entry as of March 1 to record the payment of the note? (Use 360 days a year.) Multiple Choice Debit Notes Paysbie $39,000, debit interest Expense 51300; credit Cash $40,300 Debit Notes Payoble $39.000, debi imerest Payeble 5650 . credit Cosh $39.650 Debt Notes Payable 539,000, debt interest Poyable 5650; debi interest Expense 5650 ; credit Cosh 540.300 Debit Cesh 539650 , ciedit Notes Payable 539,650 Debt Notes Pyyable $40300, cred interest Psyable $650 credi hterest Eupense $650, credi Cosh $39,000

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