Taylor Bank lends Guarantee Company $96,020 on January 1, Guarantee Company signs a $96,020, 8%, nine-month note. The entry made by Guarantee Company on January 1 to record the proceeds and issuance of the note is Oa. Cash 96,020 Notes Payable 96,020 b. Interest Expense Cash 5,761 90,259 Notes Payable 96,020 . Cash 101,781 Interest Expense Notes Payable 5,761 96,020 Cash 104,662 Interest Expense Notes Payable Interest Payable 5,761 96,020 2,881