Presented below is a partial amortization schedule for Discount Pizza.

in Carrying Cash Paid for Interest $1,625 1,625 Interest Expense Period Issue date Value Carrying Value $57,488 57,588 57,691 $1,725 1,728 $100 103 Required: 1. & 2. Record the bond issue and first interest payment assuming the face amount of bonds payable is $65,000. (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 bond issue. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal View transaction list Journal entry worksheet Record the first interest payment. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal