Presented below is a partial amortization schedule for Discount Pizza. Cash Paid Interest Increase in Carrying Period for Interest Expense Carrying ValueValue Issue date $1.625 1,625 S57.488 57,588 57.691 $1.725 S100 103 2 1.728 1. & 2. Record the bond issue and first interest payment assuming the face value of bonds payable is $65,000. (If no entry is View transaction list Journal entry worksheet 2 Record the issuance of bond. Note: Enter debits 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. O True O False