3 pts 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 following is not an effect of the entry? O A decrease in both assets and liabilities A decrease in both liabilities and stockholders equity An increase in expenses and an increase in liabilities An increase in expenses and a decrease in abilities Question 5 3 pts Gammell Company issued $50,000 of 9% bonds with annual interest payments. The bonds mature in ten years. The bonds were issued at $48,000. Gammell Company uses the straight line method of amortization. What is the amount of the annual interest expense? $4,300 $4.680 $4,700 $4,500