Brief Exercise 9-14 Interpret a bond amortization schedule (LO9-5) Presented below is a partial amortization schedule for Discount Pizza. (1) (2) Cashi (3) (4) (5) Paid Increase in Period for Interest Interest Carrying Carrying Expense Value Issue date Value $63,948 1 2 $2,450 2,450 $2,558 2,562 $108 64,056 112 64,168 Required: 1. & 2. Record the bond issue and first interest payment assuming the face amount of bonds payable is $70,000. (If no entry required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) No 1 Transaction 1 Cash Bonds Payable 2 2 Interest Expense Bonds Payable Cash Answer is not complete. General Journal Debit Credit 63,948 64,056 6 2,558) 1080 2,4500