Required:

& $2.$ Record the bond issue and first interest payment assuming the face amount of bonds payable is $$69,000.$

Interest expense increases each period because the carrying value of the debt issued at a discount increases over time.

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Req $1$ and $2$

Req $3$

Record the bond issue and first interest payment assuming the face amount of bonds payable is $$69,000.($If no entry is required for particular transaction$/$event$,$ select $"$No Journal Entry Required" in the first account field.$)$

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