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Business, 04.07.2020 14:01 GreenHerbz206

Taylor Bank lends Guarantee Company $91,759 on January 1. Guarantee Company signs a $91,759, 11%, nine-month note. The entry made by Guarantee Company on January 1 to record the proceeds and issuance of the note is: a. Cash 91,759 Notes Payable 91,759 b. Interest Expense 7,570 Cash 84,189 Notes Payable 91,759 c. Cash 99,329 Interest Expense 7,570 Notes Payable 91,759 d. Cash 103,114 Interest Expense 7,570 Notes Payable 91,759 Interest Payable 3,785

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Taylor Bank lends Guarantee Company $91,759 on January 1. Guarantee Company signs a $91,759, 11%, ni...

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