Presented below is a partial amortization schedule for Discount Pizza. (2) (5) Increase Cash Paid in for Interest Carrying Carrying Period Interest Expense Value Value Issue date $57,488 1 $1,625 $1,725 $100 57,588 1,625 1.728 103 57,691 Required: 1. & 2. Record the bond issue and first interest payment assuming the face amount of bonds payable is $65,000. (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 1. 2 > Record the bond issue. Note: Enter debats before credits Transaction General Journal Debit Credit Record entry Clear entry View general Journal 3. Interest expense increases each period because the carrying value of the debt issued at a discount increases over time. True False Required: 1. & 2. Record the bond issue and first interest payment assuming the face dhount of bonds payable is $65,000. (If no entry is required for a particular transaction/event, select "No Journal Entry Reqtiife" in the first account field.) View transaction list Journal entry worksheet Record the first interest payment. Note: Enter debits before credits Transaction General Journal Debit Credit 2 Record entry Clear entry View general Journal Interestenente incredetech narinn hecause the carrin value of the debt issued at a discount increases over time