This Question: 1 pt 11 of 15 (0 complete) Orbit Company issued a $80,000.7%, 10-year bond payable at 90 on January 1, 2018. Interest is paid semiannually on January 1 and July 1. Read the requirements 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) Date Accounts and Explanation Debit Credit 2018 Jan. 1 Requirement 2. Journalize the payment of semiannual interest and amortization of the bond discount or premium on July 1, 2018. (Assume bonds payable are amortized using the straight-line amortization method. Record debits first, then credits. Select explanations on the last line of the journal entry. Round your answers to the nearest whole dollar.) Date Accounts and Explanation Debit Credit 2018 * Requirements Issued bonds at a discount. Issued bonds at face value. Issued bonds at a premium. Paid semiannual interest and amortized discount. Paid semiannual interest and amortized premium. Retired bonds payable at maturity 1. Journalize the issuance of the bond payable on January 1, 2018. 2. Journalize the payment of semiannual interest and amortization of the bond discount or premium on July 1, 2018 Print Done