Willow Corp. issued 7.5 percent, five-year bonds payable at a price of $28,250 on January 1,2018 ; these bonds have a maturity value of $30,000. Joumalize the following transactions for Willow Corp. Include an explanation for each entry. a. Issuance of the bond payable on January 1,2018 . b. Payment of semiannual interest and amortization of bond discount on July 1, 2018. Use the straight-line method to amortize the discount. a. Journalize the issuance of the bond payable on January 1, 2018. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Willow Corp. issued 7.5 percent, five-year bonds payable at a price of $28,250 on January 1,2018 ; these bonds have a maturity value of $30,000. Journalize the following transactions for Willow Corp. Include an explanation for each entry. a. Issuance of the bond payable on January 1,2018 . b. Payment of semiannual interest and amortization of bond discount on July 1,2018 . Use the straight-line method to amortize the discount. b. Payment of semiannual interest and amortization of bond discount on July 1, 2018. Use the straight-line method to amortize the discount