Question: 12 Presented below is a partial amortization schedule for Discount Pizza. (1) (2) (3) (5) Cash Paid for Interest (4) Increase in Carrying Value Interest

12
12 Presented below is a partial amortization schedule for Discount Pizza. (1)
(2) (3) (5) Cash Paid for Interest (4) Increase in Carrying Value

Presented below is a partial amortization schedule for Discount Pizza. (1) (2) (3) (5) Cash Paid for Interest (4) Increase in Carrying Value Interest Expense Period Issue date 1 2 Carrying Value $64,097 64,270 64,449 $2,070 2,070 $2,243 2,249 $173 179 Required: 1. & 2. Record the bond issue and first interest payment assuming the face amount of bonds payable is $69,000. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet 1 2 Record the bond issue. Note: Enter debits before credits Transaction General Journal Debit Credit 1 Issue date $2,070 2,070 2 $2,243 2,249 $64,097 64,270 64,449 $173 179 Required: 1. & 2. Record the bond issue and first interest payment assuming the face amount of bonds payable is $69,000. (If no entr required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet

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