Question: Presented below is a partial amortization schedule for Discount Pizza. (1) (2) Cash (3) (4) (5) Paid Period for Interest. Interest Expense Increase in Carrying

Presented below is a partial amortization schedule for Discount Pizza. (1) (2) Cash (3) (4) (5) Paid Period for Interest. Interest Expense Increase in Carrying Value Carrying Issue date Value $44,221 1 2 $1,250 1,250 $1,327 1,329 $77 44,298 79 44,377 Required: 1. & 2. Record the bond issue and first interest payment assuming the face amount of bonds payable is $50,000. (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

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