Presented below is a partial amortization schedule for Discount Pizza. (1) (4) (5) (2) (3) Cash Paid Interest Interest Expense for Increase in Carrying Value Period Issue date carrying Value $63,948 64.056 64, 168 $2,450 2,450 $2,558 2,562 $108 112 Required: 1. & 2. Record the bond issue and first interest payment assuming the face amount of bonds payable is $70,000. (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