Presented below is a partial amortization schedule for Premium Pizza. (1) (5) (2) (3) Cash Paid for Interest Interest Expense (4) Decrease in Carrying Value Issue date Carrying Value $59,292 59,181 59,066 $1,890 1,890 $1,779 1,775 $111 115 Required: 1. & 2. Record the bond issue and first interest payment assuming the face amount of bonds payable is $54,000. (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 Record the first interest payment. Note: Enter debits before credits. Transaction General Journal Debit Credit