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Taylor Bank lends Guarantee Company $150,000 on January 1. Guarantee Company signs a $150,000, 8%,...

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Accounting

Taylor Bank lends Guarantee Company $150,000 on January 1. Guarantee Company signs a $150,000, 8%, 9-month, Interest-bearing note. The entry made by Guarantee Company on January 1 to journalize the proceeds and issuance of the note is O a O b. Interest Expense Cash Oc F2 X Cash O d. Notes Payable Cash Interest Expense Notes Payable Alt Notes Payable Interest Payable Cash Interest Expense Notes Payable 3 $ E D F3 C 12,000 138,000 $ 54 162,000 150,000 150,000 7,200 R F 150,000 12,000 150,000 150,000 150,000 7,200 Q Search F4 % 5 V 77 T G F5 TARNEVER 6 B All work saved. Y F6 H 1525354 PRE & 7 N U J * PrtScn 8 M F8 K 99+ Home 9 F9 Email Instructor L End 0 Alt F10 P Previous Save and Exit Submit Test for Grading PgUp F11 Next ? O 10: 11/20 PgDn F1
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