Presented below is a partial amortization schedule for Premium Foods: Cash Paid Interest Expense Increase in Carrying Value Period Issue Date 1 2 $4,000 4,000 $3,438 3.415 Carrying Value 985,940 65,378 84,793 $562 585 Required: 1. & 2. Record the bond issue assuming the face value of bonds payable is $77,000 and first interest payment. (It no ent- for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet