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Presented below is a partial amortization schedule for Discount Pizza. Cash Paid Interest Decrease in...

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Presented below is a partial amortization schedule for Discount Pizza. Cash Paid Interest Decrease in Carrying Period Issue date for Interest Expense Carrying Value Value S2,450 $2,558 2,562 $108 112 $63,948 64,056 64,168 2,450 1. & 2. Record the bond issue and first interest payment assuming the face value of bonds payable is $70,000. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet 2 Record the bond issue Note: Enter debits before credits. Transaction General Journal Debit Credit

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