Orbit Insued a $100.000,5%, 10 year bond payable 92 on January 1, 2016 Requirements 1. Joumalize the nuance of the bond payable on January 1, 2016 2. Journale the payment of senianual interest and mortization of the band discount or premium on Aly 1, 2016 aume Bonds payable are amortured using the straight-line amortization method. Record debit first, then credits Sectexplanations on the last line of the joumal entry Round your answers to nearest woledo Requirement 1. Jumalize the issuance of the bend payable on January 1, 2016 Data Accounts and Explanation Debit Credit 2010 Requirement 2. Journate the payment of semiannual interest and amortization of the bond discount or premium only 1, 2016 Date Accounts and Explanation Debit Credit 2010 JUL