Oliver Company issued a $120,000,5%,10-year bond payable at 87 on January 1,2024 . Interest is paid semiannually on January 1 and July 1 . Read the requirements. Requirement 1. Journalize the issuance of the bond payable on January 1, 2024. (Record debits first, then credits. Select explanations on the last line Requirements 1. Journalize the issuance of the bond payable on January 1,2024. 2. Journalize the payment of semiannual interest and amortization of the bond discount or premium on July 1, 2024