Assuming no adjusting journal entries have been made during the year, and the journal entry on the due date of the cash interest payment for bonds issued at a premium has just been prepared. which of the follow in is not an effect entry? 

1. increase in expenses and increased in liabilities.

2. decrease in both assets and liabilities 

3. increased in expenses and a decrease in liabilities. 

4. decrease in both liabilities and stockholders equity

Answer rating: 100% (QA)

The statement that is not an effect of the journal entry on the due date of the cash interest paymen... View the full answer