Period Issue Date Cash Paid Presented below is a partial amortization schedule for Fabulous Food Store: Carrying Value Interest Expense Increase in Carrying Value 2 $2,600 2,600 $2,988 3,004 $388 404 $74,700 75,088 75,492 Required: 1. & 2. Record the bond issue and first interest payment. Assume the face amount of bonds payable is $85,000. (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 bond issue.. Note: Enter debits before credits. Event 1 General Journal Debit Credit >