EAC 2212- FALL 2 '18 (sec 202) Homework: Week 3 Homework Score: 0.5 of 1 pt 6 of 15 (13 complete) S12-6 (similar to) Piper Company issued a S500.000, 5%, 5-year bond payable at face value on January 1, 2018. Interest is paid semiannually on January 1 and July 1. Requirements Journalize the issuance of the bond payable on January 1, 2018. Journalize the payment of semiannual interest on July 1. 2018. Requirement 1. Journalize the issuance of the bond payable on January 1. 2018. (Reoord debits first then oredits. Select explanations on the last line of the journal entry) Accounts and Explanation Debit Credit Date 2018 Jan. 1 Cash 500,000 500,000 Bonds Payable Issued bonds at face value Requirement 2. Journalize the payment of semiannual interest on July 1, 2018. (Record debits first, then oredits. Select explanations on the last line of the journal entry) Debit Credit Accounts and Explanation Date 2018 Jul. 1 lInterest Expense Cash Paid semiannual interest