Watson Mutual Insurance Company issued a $40,000, 12%, 10-year bond payable at 109 on January 1, 2024. Interest is paid semiannually on January 1 and July 1 Requirements 1. Journalize the issuance of the bond payable on January 1, 2024 2. Journalize the payment of semiannual interest and amortization of the bond discount or premium on July 1, 2024. Requirement 1. Journalize the issuance of the bond payable on January 1, 2024. (Record debits first, then credits. Select explanations on the last line of the Journal entry) Date Accounts and Explanation Dobit Credit 2024 Jan. 1 Choose from any list or enter any number in the input fields and then click Check Answer. Check Answer Clear All 1 part remaining