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Taylor Bank lends Guarantee Company $150,000 on January 1. Guarantee Company signs a $150,000,8%, nine-month note. The journal entry mede by Guarantee Company on January

Taylor Bank lends Guarantee Company $150,000 on January 1. Guarantee Company signs a $150,000,8%, nine-month note. The journal entry mede by Guarantee Company on January 1 for the proceeds and issuance of the note is

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