help please and if you can explain that would be great

Presented below is a partial amortization schedule for Premium Pizza. (1) 13) (5) (2) Cash Paid for Interest (4) Decrease in Carrying Value Interest Expense Period Issue date Carrying Value $62,521 62,344 62,163 $1,740 1,740 $1,563 1,559 $177 181 Required: 1. & 2. Record the bond issue and first interest payment assuming the face amount of bonds payable is $58,000. (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 Record the issuance of bond. Journal entry worksheet 2 Record the issuance of bond. Note: Enter debits before credits. Transaction General Journal Debit C LIITTO Record entry Clear entry View g 3. Interest expense decreases each period because the carrying value of the debt issued at a premium decreases over time. Help Save LAL JUDIT Record the first interest payment. Note: Enter debits before credits. Transaction General Journal Debit C Record entry Clear entry Viewg 3. Interest expense decreases each period because the carrying value of the debt issued at a premium decreases over time. True False