Prince Company issued a $500,000,9%,5-year bond payable at face value on January 1,2018 . Interest is paid serniannually on January 1 and July 1 . Requirements 1. Journalize the issuance of the bond payable on January 1, 2018. 2. Journalize the payment of semiannual interest on July 1,2018. Requirement 1. Journalize the issuance of the bond payable on January 1, 2018. (Record debits lirst, then credits. Setect explanations on the last line of the journ entryi) Requirement 2. Journalize the payment of semiannual interest on July 1. 2018, (Record debits firgt, then crecits. Select explanations on the laz life of the fourni entiry.)