Pomar Company issued a $$1,100,000,6\%,5-$year bond payable at face value on January $1,2025.$ Interest is paid semiannually on January $1$ and July $1.$

Requirements

Journalize the issuance of the bond payable on January $1,2025.$

Journalize the payment of semiannual interest on July $1,2025.$

Requirement $1.$ Journalize the issuance of the bond payable on January $1,2025.($Record debits first, then credits. Select explanations on the last line of the journal entry.$)$