Choose the correct answer and briefly explain.

?? ????? 1. Assuming no adjusting journal entries have been made during the year, the journal entry to record the cash interest payment on the due date for bonds issued at a premium results in which of the following? 4) La A An increase in expenses and a decrease in liabilities.v An increase in expenses and an increase in liabilities C. A decrease in bo D. A decrease in both assets and liabilities at the same amount