Presented below is a partial amortization schedule for Premium Foods Period Cash Paid Interest Expense Increase in Carrying Value Value $4,eee 4,000 $3,437 3,415 2 5 85 35, 367 84, 782 Required: 1. & 2. Record the bond issue assuming the face value of bonds payable is $80,000 and first interest payment. 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 Debit Credit Event General Journal scount on Bonds Payable Bonds Payable View transaction list Journal entry worksheet Record the first interest payment. Note: Enter debits before credits Event General Journal Debit Credit Record entry Clear entry View general journal