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Police Company issued a $1,300,000, 7%, 5-year bond payable at at face value on January 1, 2016

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Police Company issued a $1,300,000, 7%, 5-year bond payable at at face value on January 1, 2016. Requirements 1. Joumalize the issuance of the bond payable on January 1, 2016 2. Joumalize the payment of semiannual interest on July 1, 2016.