Brief Exercise 9-14 Interpret a bond amortization schedule (LO9-5) Presented below is a partial amortization schedule for Discount Pizza (5) (2) Cash Paid for Interest Interest Expense Increase in Carrying Value Period Tosue date Carrying Value $63,948 64,056 64,168 2 $2,450 2,450 $2,558 2,562 $ 108 112 Required: 1. & 2. Record the bond issue and first interest payment assuming the face amount of bonds payable is $70,000. (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