Question: 5. Presented below is a partial amortization schedule for Discount Foods: Canh Paid Intorent Expense Increase in Carrying Value Period Issue Date 1 2 Carrying

Paid Intorent Expense Increase in Carrying Value Period Issue Date 1 2

Presented below is a partial amortization schedule for Discount Foods: Canh Paid Intorent Expense Increase in Carrying Value Period Issue Date 1 2 Carrying Valde $74,900 75, 196 75,504 $2,700 2,700 $2,996 3,008 $296 308 Required: 1. & 2. Record the bond issue assuming the face value of bonds payable is $80,000 and first interest payment. (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 Event General Journal Debit Credit ng Value Issue Date $2,700 2,700 2 $ 2,996 3,008 Value $74,900 75, 196 75,504 $296 30B Required: 1. & 2. Record the bond issue assuming the face value of bonds payable is $80,000 and first interest payment. (If no for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet Record the first interest payment. Note: inter debits before credits Event General Journal Debit Credit 2

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