A partial amortization schedule for Sugar Ray's BBQ follows. (3) (5) (2) Cash Paid for Interest (4) Increase in Carrying Value Interest Expense Period Issue date 1 Carrying Value $46,591 46,670 46,752 $1,785 1,785 $1,864 1,867 $79 82 Required: 1. & 2. Record the bond issue and first interest payment assuming the face amount of bonds payable is $51,000. (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