1. & 2. Record the bond issue and first interest payment assuming the face value of bonds payable is $52,000. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

Presented below is a partial amortization schedule for Discount Pizza. Cash Paid Interest Increase in Carrying Period for Interest Expense Carrying Value Value $48,305 48,436 48,571 Issue date $1,560 1,560 $1,691 1,695 $131 135 View transaction list 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 View transaction list Journal entry worksheet Record the first interest payment. Note: Enter debits before credits. Transaction General Journal Debit Credit 2 Record entry Clear entry View general journal