Test4 a saved Help Save Exil Submit On November 1, Alan Company signed a 120-day, 9% note payable, with a face value of $25,200. What is the adjusting entry for the accrued interest at December 31 on the note? (Use 360 days a year.) Multiple Choice . Debit Imeresr Expense, $378; credit Interest Payable, $3721 Debit Interest Payable, $252; credit Interest Expense, $252 Debit Interest Payable, $756; credit Interest Expense, $755. No adjusting entry is required. Debit Interest Expense. $504; credit Interest Payable, $504. 0000