Omar Company issued a $40,000, 6%, 10-year bond payable at 92 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.) Accounts and Explanation Debit Credit Date 2024 Jan. 1 Requirement 2. Journalize the payment of semiannual interest and amortization of the bond discount or premium on July 1, 2024. (Assume bonds payable are amortized using the straight-line amortization method. Record debits first, then credits. Select explanations on the last line of the journal entry. Round your answers to the nearest whole dollar.) Date 2024 Jul. 1 Accounts and Explanation Debit Credit