OUESTION 26 To raise cash, ACE company bssued 58,000,000 tace value, 10 -year, 12% bonds on March 1,20X1 when the masket rate of interest was 12%. Interest payments are due every Seotember 1 and March 1. The company follows a calendar year. What is the affect of this entry on the Accounting Equaton increase the canh, and decreate bond interest payable. Decrease the cash, and increase bond interest payable. Decroase the cash and decrease bond interest expense. Docrease the cash and increase bond interest expense