Presented below is a partial amortization schedule for Discount Pizza. (1) (3) (5) (2) Cash Paid for Interest (4) Increase in Carrying Value Interest Expense Period Issue date Carrying Value $51,092 51,230 51,373 $1,650 1,650 $1,788 1,793 $138 143 2 Required: 1. & 2. Record the bond issue and first interest payment assuming the face amount of bonds payable is $55,000. (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