Piper Company issued a $600,000, 11%, 10-year bond payable at face value on January 1, 2018. Interest is paid semiannually on January 1 and July 1. Requirements 1. Joumalize the issuance of the bond payable on January 1, 2018. 2. Joumalize the payment of semiannual interest on July 1, 2018. 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) Accounts and Explanation Debit Credit Date 2018 Jan. 1 Requirement 2. Journalize the payment of semiannual interest on July 1, 2018. (Record debits first, then credits. Select explanations on the last line of the journal entry.) Date Accounts and Explanation Debit Credit 2018 Jul. 1