Orbit Company issued a $90,000 11%, 10-year bond payable at 98 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