A partial amortization schedule for Sugar Ray's BBQ follows. (1) (2) (3) (4) Increase (5) Cash Paid in Period Issue date for Interest Interest Carrying Expense Value Carrying Value $58,523 1 2 $1,890 1,890 $2,048 2,054 $158 164 58,681 58,845 Required: 1. & 2. Record the bond issue and first interest payment assuming the face amount of bonds payable is $63,000. (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 1 General Journal Debit Credit Record entry Clear entry View general journal