Presented below is a partial amortization schedule for Premium Pizza. (5) (2) (3) Cash Paid for Interest Interest Expense (4) Decrease in Carrying Value Period Issue date Carrying Value $70,272 70,140 70,004 $2,240 2,240 $2,108 2,104 $132 136 Required: 1. & 2. Record the bond issue and first interest payment assuming the face amount of bonds payable is $64,000. (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 2 Record the issuance of bond, Note: Enter debits before credits Transaction General Journal Debit Credit