Effects of Bond Transactions ABC, Inc. issued $5,000,000 face value, 20-year, 12% bonds on March 1, 2020 when the market rate of interest was 12%. Interest payments are due every September 1, and March 1 . The company follows a calendar year. Show the effect of the following on the company's accounting equation. For each account title affected write in the specific account name and the dollar change. Show decreases in ( ). \begin{tabular}{|c|c|c|c|c|c|} \hline & Assets & = Liabilities & \begin{tabular}{c} + \\ Stockholders' \\ Equity Capital \\ Stock \end{tabular} & \begin{tabular}{|c|} Stockholders' \\ Equity \\ Retained \\ Earnings \\ +Revenues \\ \end{tabular} & \begin{tabular}{l} Stockholders' \\ Equity Retained \\ Earnings \\ Expenses \end{tabular} \\ \hline \multicolumn{6}{|l|}{ a. Issuance of Bonds on March 12020} \\ \hline \multicolumn{6}{|l|}{ b. Payment of interest on September 1, 2020} \\ \hline c, Accrual of interest expense on December 31,2020 & & & & & \\ \hline & & & & & \\ \hline \end{tabular}