Question: PLEASE FAST Help Save & Exit Submit On November 1, Alan Company signed a 120-day, 10% note payable, with a face value of $11,700. What

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Help Save & Exit Submit On November 1, Alan Company signed a 120-day, 10% note payable, with a face value of $11,700. What is the adjusting entry for the accrued interest at December 31 on the note? (Use 360 days a year) Multiple Choice No adjusting entry is required. Debit Interest Payable, $130: credit Interest Expense, $130 Debit Interest Expense, $195; credit Interest Payable, $195

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