Taylor Bank lends Guarantee Company $115,531 on January 1. Guarantee Company signs a $115,531, 12%, 9-month, interest-bearing note. The entry made by Guarantee Company on January 1 to record the proceeds and issuance of the note is  a. Interest Expense   10,398   Cash   105,133        Notes Payable     115,531 b. Cash   115,531         Notes Payable     115,531 c. Cash   125,929        Interest Expense     10,398      Notes Payable     115,531 d. Notes Payable   115,531   Interest Payable   5,199        Cash     115,531      Interest Expense     5,199

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