Presented below is a partial amortization schedule for Premium Pizza 2 (5) (2) Cash Paid for Interest Decrease in Carrying Value Interest Expense Period Issue date Carrying Value $70, 480 78,340 70, 197 $1,550 1,55e $1,410 1,487 $140 143 Required: 1. & 2. Record the bond issue and first interest payment assuming the face amount of bonds payable is $62,000. (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