M1 - CHAPTERS 10 & 11 Saved Help Save & Exit Sul 2 On November 1, Alan Company signed a 120-day, 10% note payable, with a face value of $15,000. Alan made the appropriate year-end accrual. What is the journal entry as of March 1 to record the payment of the note assuming no reversing entry was made? (Use 360 days a year.) 01:10:28 Multiple Choice Debit Notes Payable $15,500: credit interest Payable $250: credit Interest Expense $250; Credit Cash $15,000 O Debit Notes Payable $15,000, debit interest Expense $500, credit Cash $15,500 Debit Cash $15,250, credit Notes Payable $15.250. Debit Notes Payable $15.000 debit interest Payable $250 debit interest Expense $250, Credit Cash $15.500 Debit Notes Payable $15,000 debit interest Payable $250, credit Cash $15.250