PLEASE answer both.

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2

Presented below is a partial amortization schedule for Discount Foods: Period Issue Date Cash Paid Interest Expense Increase in Carrying Value Carrying Value $74,100 74, 264 74,435 $2,800 2,800 $2,964 2,971 $164 171 Required: 1. & 2. Record the bond issue assuming the face value of bonds payable is $85,000 and first interest payment. (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 2 Record the bond issue. Note: Enter debits before credits. Event General Journal Debit Credit Record entry Clear entry View general journal Presented below is a partial amortization schedule for Discount Pizza. (1) (2) Cash (3) (5) Paid (4) Increase in Carrying Value for Interest Interest Expense Period Issue date 1 2 carrying Value $54,834 54,929 55,027 $1,550 1,550 $1,645 1,648 $95 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