Presented below is a partial amortization schedule for Premium Pizza. (1) (2) Cash Paid for Interest Period Issue date 1 (3) (4) (5) Decrease in Interest Carrying Carrying Expense Value Value $59,287 $1,482 $168 59,119 1,478 172 58,947 $1,650 1,650 Required: 1. & 2. Record the bond issue and first interest payment assuming the face amount of bonds payable is $55,000. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) Journal entry worksheet 1 2 Record the issuance of bond. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal Journal entry worksheet