is this one right? On November 1, Alan Company signed...
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is this one right?
On November 1, Alan Company signed a 120-day, 9% note payable, with a face value of $18,000. Alan made a December 31 year-end accrual Hor interest earned. What is the journal entry as of March 1 to record the payment of the note? (Use 360 days a year.) Multiple Choice Debit Notes Payable $18,540 credit interest Payable $270, credit Interest Expense $270, credit Cash $18,000. Debit Notes Payable $18,000: dobit interest Payablo $270, debit interest Expense $270, credit Cash $18,540, Debit Nodes Payable $18,000, debit interest Expense 3540, credit Cash $18,540. Debit Notes Payable $18,000, debit interest Payable $270, credit Cosh 18.270 Debit Cash $18.270, credit Notes Payable $18.270
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