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Taylor Bank lends Guarantee Company $ 1 5 0 , 0 0 0 on January 1 . Guarantee Company signs a $ 1 5 0

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 record the proceeds and issuance of the note is

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