Oliver Company issued a $90,000, 12%, 10-year bond payable at 95 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 of the journal entry.) Date Accounts and Explanation Debit Credit 2024 Jan. 1 Cash Discount on Bonds Payable Issued bonds at face value. 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. Print Done - X