6.66 points Presented below is a partial amortization schedule for Discount Pizza Cash Paid Interest Increase in Carrying Period for Interest Expense Carrying Value Value ssue date $1475 $1,565 1,568 $52,181 52 271 52.364 1. & 2. Record the bond issue and first interest payment assuming the face value of bonds payable is $59,000. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Journal entry worksheet Record the issuance of bond. Note: Enter debits before oredts Debit 3. Interest expense increases each period because the carrying value of the debt issued at a discount increases over time False References eBook & Resources General Journal Difficulty: 1 Easy