Period Issue Datte Cash Paid Interest Expense Carrying Value Decrease in Carrying Vaue $ 85,954 $ 2.800 2,800 $2,583 $217 223 85,737 85,514 2,577 1. Record the bond issue assuming the face value of bonds payable is $75,000 e no entry is required for a transaction/event, select "No journal entry required" in the first accournt field.) View transaction list Journal entry worksheet Record the bond issue. Note: Eeter debits before credits Debit Credit interest payment. (f no entry is required for a 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. Event General Journal Debit Credit Record entry Clear entry View general journal