Presented below is a partial amortization schedule for Discount Pizza.
(1) (2) (3) (4) (5)

P...

Business, 12.08.2020 09:01 loveuncondition

# Presented below is a partial amortization schedule for Discount Pizza.
(1) (2) (3) (4) (5)

Period Cash Paid Interest Increase in Carrying Value

Issue date for Interest Expense Carrying Value

$63,948

1 $2,450 $2,558 $108 64,056

2 2,450 2,562 112 64,168

1. Record the bond issue and first interest payment. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

2. Record the first interst payment.

3. Explain why interest expense increases each period.

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