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

Presented below is a partial amortization schedule for Premium Pizza

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

Expense Carryin-Carrying 564,677 Cash Paid Interest Decreasein Carrying Period for Interest ExpenseCarrying Value Value Issue date $1,800 1,800 $1,617 1,612 $183 188 64,494 ,

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