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