A partial amortization schedule for Sugar Ray's BBQ follows. (1) (2) (3) Cash Paid (4) Increase in (5) Period Issue date for Interest Interest Carrying Expense Carrying Value Value $58,523 1 2 $1,890 1,890 $2,048 2,054 $158 58,681 164 58,845 Required: 1. & 2. Record the bond issue and first interest payment assuming the face amount of bonds payable is $63,000. (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 1 2 Record the first interest payment. Note: Enter debits before credits. Transaction 2 General Journal Debit Credit Record entry Clear entry View general journal >