Question 13 4 pts On November 1, Alan Company signed a 120-day, 8% note payable, with...

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Question 13 4 pts On November 1, Alan Company signed a 120-day, 8% note payable, with a face value of $9,000. Alan made a December 31 year-end accrual for interest earned. What is the journal entry as of March 1 to record the payment of the note? (Use 360 days a year.) Debit Notes Payable $9,240; credit Interest Payable $120; credit Interest Expense $120; credit Cash $9,000. O Debit Notes Payable $9,000; debit Interest Expense $240; credit Cash $9,240. Debit Notes Payable $9,000; debit Interest Payable $120; credit Cash $9,120. Debit Cash $9,240; credit Notes Payable $9,240. O Debit Notes Payable $9,000; debit Interest Payable $120; debit Interest Expense $120; credit Cash $9,240. Question 13 4 pts On November 1, Alan Company signed a 120-day, 8% note payable, with a face value of $9,000. Alan made a December 31 year-end accrual for interest earned. What is the journal entry as of March 1 to record the payment of the note? (Use 360 days a year.) Debit Notes Payable $9,240; credit Interest Payable $120; credit Interest Expense $120; credit Cash $9,000. O Debit Notes Payable $9,000; debit Interest Expense $240; credit Cash $9,240. Debit Notes Payable $9,000; debit Interest Payable $120; credit Cash $9,120. Debit Cash $9,240; credit Notes Payable $9,240. O Debit Notes Payable $9,000; debit Interest Payable $120; debit Interest Expense $120; credit Cash $9,240.