Brief Exercise $9-16($Algo$)$ Interpret a bond amortization schedule $($LO$9-5)$

Presented below is a partial amortization schedule for Discount Pizza.

Required:

$1.82.$ Record the bond issue and first interest payment assuming the face amount of bonds payable is $\backslash$$$59,000.$

$3.$ Interest expense increases each period because the carrying value of the debt lssued at a discount increases over time.

Answer is complete but not entirely correct.

Complete this question by entering your answers In the tabs below.

Reg $1$ and $2$

Record the bond lssue and first interest payment assuming the face amount of bonds payable is $\backslash (\backslash$$ $59,000\backslash ).($If no entry is required for a particular transaction$/$event$,$ select $"$No Journal Entry Required" in the first account field.$)$