Question: Presented below is a partial amortization schedule for Premium Pizza. (1) (2) Cash (3) Paid for Interest (4) Decrease in Carrying (5) Period. Interest Expense

Presented below is a partial amortization schedule for Premium Pizza. (1) (2) Cash (3) Paid for Interest (4) Decrease in Carrying (5) Period. Interest Expense Value. Issue date Carrying Value $64,677 1 2 $1,800 1,800 $1,617 1,612 $183 64,494 188 64,306 Required: 1. & 2. Record the bond issue and first interest payment assuming the face amount of bonds payable is $60,000. (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 Record the issuance of bond. Note: Enter debits before credits

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