Presented below is a partial amortization schedule for Premium Pizza. (1) (2) (3) Cash (4) Decrease (5) Paid in for Interest Period Interest Expense Carrying Value Carrying Value Issue date $64,677 1 2 $1,800 1,800 $1,617 $183 64,494 1,612 188 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 View transaction list Journal entry worksheet 1 Record the issuance of bond. Note: Enter debits before credits. Transaction General Journal Debit Credit 1 View general journal Record entry Clear entry