3 Presented below is a partial amortization schedule for Premium Foods: Interest Increase in Period Carrying Cash Paid Expense Carrying Value Value Issue Date $85,900 $4,100 $3,436 $664 2 85,236 4,100 3,409 691 84,545 01:57:29 Required: 1. & 2. Record the bond issue assuming the face value of bonds payable is $78,000 and first interest payment. (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