solved : Taylor Bank lends Guarantee Company $150,000 on January 1.

  

Taylor Bank lends Guarantee Company $150,000 on January 1.GuaranteeCompany signs a $150,000, 8%, 9-month note. The entry made by Guarantee Company on January 1 to record the proceeds and issuance of the note isBusinessAccountingACCT 220 & 221

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