A company made the following transactions. How will they be reflected in the balance sheet?

The company issues a Paid In Kind bond	2,000.0
Interest is expensed on the Paid In Kind bond	150.0

Select one:

Cash up 2,150.0, debt up 2,000.0, retained earnings down 150.0

Cash up 2,000.0, debt up 2,150.0, retained earnings down 150.0

Cash up 2,000.0, debt up 2,000.0, interest payable up 150.0, retained earnings down 150.0

Cash up 1,850.0, debt up 2,000.0, retained earnings down 150.0