Presented below is a partial amortization schedule for Premium Foods Period Issue Date Cash Paid Interest Expense Decrease in Carrying Value Carrying Value $ 85,960 1 $ 2,800 $ 2,588 $ 212 85,748 2 2,800 2,570 230 85,518 1 Record the bond issue assuming the face value of bonds payable is $75,000 (If no entry is required for a transaction event, select No journal entry required in the first account field )

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Question: Presented below is a partial amortization schedule for Premium Foods: Period Issue Date Cash Paid Interest Expense Decrease in Carrying Value Carrying Value $ 85,960

Presented below is a partial amortization schedule for Premium Foods:

Period Issue Date	Cash Paid	Interest Expense	Decrease in Carrying Value	Carrying Value
				$ 85,960
1	$ 2,800	$ 2,588	$ 212	85,748
2	2,800	2,570	230	85,518

1. Record the bond issue assuming the face value of bonds payable is $75,000. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

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