Presented below is a partial amortization schedule for Premium Pizza (1) (3) (4) Decrease (2) Cash Paid for Interest Interest Expense Carrying Value Period Tssue date Carrying Value $77,301 77,147 76,990 $1,700 1,700 2 $1,546 1,543 $154 157 Required: 1. & 2. Record the bond issue and first interest payment assuming the face amount of bonds payable is $68,000. (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 1 N Journal entry worksheet