Presented below is a partial amortization schedule for Premium Pizza. (1) (2) - (3) (4) (5) Cash Paid for Interest Decrease in Carrying Value Interest Expense Period Issue date Carrying Value $62,521 62,344 62,163 $1,740 1,740 $1,563 1,559 $ 177 181 Required: 1. & 2. Record the bond issue and first interest payment assuming the face amount of bonds payable is $58,000. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list View journal entry worksheet Transaction Credit No 1 Debit 58,000 General Journal Cash Premium on Bonds Payable Bonds Payable Bonds Payable