Presented below is a partial amortization schedule for Fabulous Food Store:

$\backslash$table$[[$Period$,$Cash Paid,$\backslash$table$[[$Interest$],[$Expense$]],\backslash$table$[[$Increase in$],[$Carrying Value$]],\backslash$table$[[$Carrying$],[$Value$]]],[$Issue Date,$$2,600,$$$2,992,$$$392,75,800],[1,2,600,3,008,408,75,192],[2,,,,75,600]]$

Required:

& $2.$ Record the bond issue and first interest payment. Assume the face amount of bonds payable is $$80,000.($If no entry is required for a particular transaction$/$event$,$ select $"$No Journal Entry Required" in the first account field.$)$

Journal entry worksheet

$2$

Record the bond issue.

Note: Enter debits before credits.