Presented below is a partial amortization schedule for Discount Pizza. (1) (3) (5) (2) Cash Paid for Interest (4) Increase in Carrying Value Interest Expense Period Issue date Carrying Value $ 54,834 54,929 55,027 $1,550 1,550 $1,645 1,648 $ 95 98 2 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 Debit Credit 1 Record entry Clear entry View general journal Journal entry worksheet