Presented below is a partial amortization schedule for Premium Pizza (3) Decrease Cash Paid for Interest Period Issue date Interest Expense Carrying Value carrying Value $63, 666 63,533 63,404 $1,400 1.400 $1,273 1.271 $127 129 Required: 1. & 2 Record the bond issue and first interest payment assuming the face amount of bonds payable is $56.000. Of no entry is required for a particular transaction/event, select "No Journal Entry Required in the first account field) 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 Journal entry worksheet Record the first interest payment. Note: Enter debits before credits Transaction General Journal Debit Credit Record entry Clear entry View general Journal