Presented below is a partial amortization schedule for Premium Pizza. (1) Period Issue date: (2) (3) (4) (5) Cash Paid Decrease in for Interest Interest Carrying. Carrying. Expense Value Value $56,053 $1,560 1,560 $1,401 1,397 $159 55,894 163 55,731 Required: 1. & 2. Record the bond issue and first interest payment assuming the face amount of bonds payable is $52,000. (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 2 Record the issuance of bond.. Note: Enter debits before credits Transaction. 1 General Journal Debit Credit