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Baylee Co. issued $120,000 of 5%, 10-year bonds payable on Jan. 1, 2017 at par (face) value . a. Journalize the issuance of the bonds

Baylee Co. issued $120,000 of 5%, 10-year bonds payable on Jan. 1, 2017 at par (face) value

. a. Journalize the issuance of the bonds

b. Journalize the first semi-annual interest payment of the bonds on Dec. 31

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