Presented below is a partial amortization schedule for Premium Pizza. (1) (5) (2) Cash Decrease Paid for Interest Carrying Interest Expense Value Period Issue date Carrying Value $73,566 73,428 73.286 $2,345 2,345 $2,207 2,203 $138 142 Required: 1. & 2. Record the bond issue and first interest payment assuming the face amount of bonds payable is $67,000. (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 Transaction General Journal Debit Credit Record entry Clear entry View general Journal 3. Interest expense decreases each period because the carrying value of the debt issued at a premium decreases over time. True False