Presented below is a partial amortization schedule for Premium Pizza. (2) Period Issue date (2) Cash (3) Paid (4) Decrease in (5) for Interest Interest Expense Carrying Carrying Value: Value $56,839 $1,250 1,250 $1,137 1,135 $113 56,726 115 56,611 Required: 1. & 2. Record the bond issue and first interest payment assuming the face amount of bonds payable is $50,000. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.)