Taylor Bank lends Guarantee Company $117,652 on January 1. Guarantee Company signs a $117,652, 6%, 9-month, interest-bearing note. The entry made by Guarantee Company on January 1 to record the proceeds and issuance of the note is Oa Notes Payable 117,652 Interest Payable 2,647 Cash 117,652 Interest Expense 2,647 Ob. Interest Expense 5,294 Cash 112,358 Notes Payable 117,652 122,946 Interest Expense 5,294 Notes Payable 117,652 117,652 Notes Payable 117,652 Oc Cash Od, Cash