Record the bond issue.

Record the first interest payment.

Presented below is a partial amortization schedule for Discount Pizza. Required: 1. \& 2. Record the bond issue and first interest payment assuming the face amount of bonds payable is $67,000. 3. Interest expense increases each period because the carrying value of the debt issued at a discount increases over time. Complete this question by entering your answers in the tabs below. Interest expense increases each period because the carrying value of the debt issued at a discount increases over time. Interest expense increases each period because the carrying value of the debt issued at a discount increases over time