3. 8.00 points M10-11 Recording Bonds Issued at Face Value [LO3] Schlitterbahn Waterslide Company issued 25,000, 10-year, 6 percent, $100 bonds on January 1, 2010, at face value. Interest is payable each December 31. a. The issuance of these bonds on January 1, 2010. b. The interest payment on December 31, 2010. Required: Show the accounting equation effects (indicate the direction of the effect by selecting + for increase and - for decrease and NE/No effect if none of the categories apply for a particular item) and prepare journal entries for the above transactions. (Omit the "$" sign in your response.) Assets Liabilities Stockholders' Equity a. Cash +2,500,000 Bonds payable +2,500,000 No effect NE b. Cash -150,000 (Click to select) (Click to select) Interest expense -150,000 hecloud.mcgraw-hill.com/hm.tpx 1/6