Taylor Bank lends Guarantee Company $104,403 on January 1. Guarantee Company signs a $104,403, 7%, nine-month note. The journal entry made by Guarantee Company on January 1 for the proceeds and issuance of the note is Oa. Interest Expense 5,481 Cash 98,922 Notes Payable 104,403 Ob. Cash 104,403 Notes Payable 104,403 Oc. Cash Interest Expense 5,481 Notes Payable 104,403 Od. Notes Payable 98,922 5,481 Interest Payable Cash Interest Expense 109,884 98,922 5,481