Question: 7 Presented below is a partial amortization schedule for Premium Pizza. (3) (5) (4) Deckeana (2) Canh Paid for Interest Period Issue date Interest Expense

Presented below is a partial amortization schedule for Premium Pizza. (3) (5) (4) Deckeana (2) Canh Paid for Interest Period Issue date Interest Expense Carrying Value Carrying Value $74,378 74,167 73,951 $2,070 2,070 $1,859 1,854 $211 216 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 ist Journal entry worksheet

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