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Ban Co. purchased 50, $1,000, 5%, Waylan Company bonds on January 1, 2019 for $50,500 cash. Interest is payable annually on January 1. The entry

Ban Co. purchased 50, $1,000, 5%, Waylan Company bonds on January 1, 2019 for $50,500 cash. Interest is payable annually on January 1. The entry to record the December 31, 2019, interest accrual would include a

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