Check my work Presented below is a partial amortization schedule for Discount Pizza. (1) (5) (2) Cash Paid for Interest (4) Increase in Carrying Value Interest Expense Period Issue date carrying Value $54,834 54,929 55,027 $95 $1,550 1,550 $1,645 1,648 98 Required: 1. & 2. Record the bond issue and first interest payment assuming the face amount of bonds payable is $62,000. (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 Record the bond issue. Note: Enter debits before credits. Transaction General Journal Credit Debit 54,8341 Cash Bonds Payable 54,834 Required: 1. & 2. Record the bond issue and first interest payment assuming the face amount of bonds payable is $62,000. (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 Record the first interest payment. Note: Enter debits before credits. Transaction D Credit ebit 1,645 General Journal Interest Expense Bonds Payable Cash 95 1,550 Record entry Clear entry View general journal