This Question: 6 pts 1 of 7 (0 complete 2. Watson Mutual Insurance Company issued a 540,000, 11%, 10-year bond payable at 110 on January 1, 2016. Requirements 1. Journalize the issuance of the band payable on January 1, 2016 Journalize the payment of semiannual interest and amortization of the bond discount or premium on July 1, 2016 {Assurve bonda payable are amortized using the straight-line amortization method Record debits first, then credits. Select explanations on the last line of the journal entry Rour Requirement 1. Journalize the issuance of the bond payable on January 1, 2016 Date Accounts and Explanation Debit Credit 2016 Jan 1 Requirement 2. Journalize the payment of semiannual interest and amortization of the bond discount or premium on July 1, 2016 Date Accounts and Explanation Debit Credit 2016