Apex, Co. issued a $225,000, 9% mortgage on January 1, 2014. Payments of $10,900 are made semiannually on June 30 and December 31 each year. Calculate and record the journal entries for (a) Issuance of the mortgage on January 1, 2014, (b) The first semiannual payment on June 30, 2014.

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