On June 30 , Powell Company issues 10%,10-year bond payable with at face value of $60,000. The bonds are issued at face value and pay interest on June 30 and December 31. Requirements 1. Journalize the issuance of the bonds on June 30 . 2. Journalize the semiannual interest payment on December 31 . (Record debits first, then credits. Select explanations on the last line of the journal entry.) Requirement 1. Journalize the issuance of the bonds on June 30