to another question will save the respon -stion 2 S&S industries agree to sign a note on November 1, for a 120 day, we pay with Use 360 days a year.) A. Debit interest Expense, 52,400: credit interest Payable 32.00 B. Debit interest Payable, $1,200: credit interest Expense, 11.200 c. Debit interest Expense. $1.200, credit interest Payable, 51.200. D. No adjusting entry is required. to another question will save the respon -stion 2 S&S industries agree to sign a note on November 1, for a 120 day, we pay with Use 360 days a year.) A. Debit interest Expense, 52,400: credit interest Payable 32.00 B. Debit interest Payable, $1,200: credit interest Expense, 11.200 c. Debit interest Expense. $1.200, credit interest Payable, 51.200. D. No adjusting entry is required