Question: Please help me solve the questions 10 & 11. Taylor Bank lends Guarantee Company $150,000 on January 1. Guarantee Company signs a $150,000, 8%, 9-month

Please help me solve the questions 10 & 11.

Please help me solve the questions 10 & 11. Taylor Bank lends

Taylor Bank lends Guarantee Company $150,000 on January 1. Guarantee Company 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 is A. Cash 150,000 Notes Payable 150,000 B. Notes Payable 120,000 Interest Payable 7,200 Cash 120,000 Interest Expense 7,200 C. Cash 162,000 Interest Expense 12,000 Notes Payable 150,000 D. Interest Expense 12,000 Cash 138,000 Notes Payable 150,000 stions 11 - 15 relate to CSO 1.4 Objective 1 4: Prepare calculations and journal entries for capital stock issuances, treasury stock transactions, dividends and stock splits The entry to record the issuance of common stock at a price above par includes a debit to A. Common Stock B. Paid-In Capital in Excess of Par-Common Stock C. Cash D. Organizational Expenses

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