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What entry made by guarantee company on january

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Reference no: EM132809998

Problem 1: Taylor Bank lends Guarantee Company $97,546 on January 1. Guarantee Company signs a $97,546, 10%, 9-month, interest-bearing note. The entry made by Guarantee Company on January 1 to record the proceeds and issuance of the note is

Reference no: EM132809998

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