Presented below is a partial amortization schedule for Premium Pizza. (1) (3) (2) Cash Paid (5) (4) Decrease in Carrying Value tor Period Issue date Interest Interest Expense Carrying Value $60,249 60,129 60,007 $1,325 1,325 $1,205 1,203 $120 122 Required: 1. & 2. Record the bond issue and first interest payment assuming the face amount of bonds payable is $53,000. (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 1 2 > Record the issuance of bond. Note: Enter debits before credits Transaction General Journal Debit Credit 1