Taylor Bank lends Guarantee Company $116,200 on January 1. Guarantee Company signs a $116,200, 11%, 9-month, interest- bearing note. The entry made by Guarantee Company on January 1 to record the proceeds and issuance of the note is Cash 116,200 Notes Payable 116,200 Ob Notes Payable 116,200 Interest Payable 4,794 Cash 116,200 Interest Expense 4,794 Cash 125,787 Interest Expense 9.587 Notes Payable 116,200 Od Interest Expense 9,587 Cash 106,613 Notes Payable 116,200