What is the journal entry as of march 1 to record payment

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Question

On November 1, Alan Company signed a 120-day, 10% note payable, with a face value of $69,000. Alan made the appropriate year-end accrual. What is the journal entry as of March 1 to record the payment of the note assuming no reversing entry was made?

(Use 360 days a year.)

Reference no: EM132316366

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