Question: Presented below is a partial amortization schedule for Discount Pizza. 1. Record the bond issue. 2. Record the first interest payment. 3. Explain why interest

Presented below is a partial amortization schedule for Discount Pizza.

Presented below is a partial amortization schedule for Discount Pizza.

1. Record the bond issue.
2. Record the first interest payment.
3. Explain why interest expense increases each period.

Carrying Cash Paid for Interest Expense rying Value Interest Increase in Period $63,948 64,056 64,168 Issue date S2,450 2,450 $2,558 2,562 $108 112

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