Oliver Company issued a S60.000 6%, 10-year bond payable at 96 on January 1, 2018. Interest is paid sem annually on January 1 and July 1 Read the requirements. Requirement 1. Journalize the issuance of the bond payable on January 1, 2018. (Record debits first, then credits. Select explanations on the last line of the journal entry.) Debit c Date 2018 Jan. 1 Accounts and Explanation Credit Requirement 2. Journalize the payment of semiannual interest and amortization of the bond discount or premium on July 1, 2018. (Assume bonds payable are amortized using the straight-line amortization method. Record debits first, then credits. Seltexpltions on the last line of the journal entry. Round your answers to the nearest whole dollar.) Debit Credit Date 2018 Jul.1 Accounts and Explanation