Presented below is a partial amortization schedule for Fabulous Food Store: Increase in Carrying Value Period Issue Date 1 2 View transaction list Cash Paid $2,600 2,600 Journal entry worksheet 1 2 Record the bond issue. Record entry Note: Enter debits before credits. Event 1 Interest Expense 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.) $2,960 2,974 General Journal $360 374 Clear entry Carrying Value Debit $74,000 74,360 74,734 Credit View general journal > Journal entry worksheet 1 2 Record the first interest payment. Note: Enter debits before credits. Event 2 Record entry General Journal Clear entry Debit Credit View general journal