Question: Cain, Inc. signed a 120-day, 10% note payable on November 1, 2020 with a face value of $69,000. Cain made the appropriate year-end accrual on

Cain, Inc. signed a 120-day, 10% note payable on November 1, 2020 with a face value of $69,000. Cain made the appropriate year-end accrual on December 31, 2020. What is the journal entry as of March 1, 2021 to record the payment of the note assuming no reversing entry was made? (Use 360 days a year.)

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