A partial smortization schedule for Sugar Rey's BBQ follows. (2) (3) (4) (5) Increase Cash Paid in Interest Carrying Carrying Period Interest Expense Value Value Issue date $52,872 $1,995 $2,883 $88 52,162 1,995 2,086 91 52,251 for Required: 1.& 2 Record the bond issue and first interest payment assuming the face amount of bonds payable is $57.000. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" In the first account field.) View transaction let Journal entry worksheet Record the bond issue. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general Journal 3. Interest expense increases esch period because the carrying value of the debt issued at a discount increases over time. O True O False A partial amortization schedule for Sugar Ray's BBQ follows. (1) (2) (3) (5) Cash Paid for Interest (4) Increase in Carrying Value Interest Expense Period Issue date 1 2 Carrying Value $52,072 52,160 52,251 $1,995 1,995 $2,083 2,086 $88 91 Required: 1. & 2. Record the bond issue and first Interest payment assuming the face amount of bonds payable is $57,000. (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