Question 4 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? A decrease in both assets and liabilities. A decrease in both liabilities and stockholders' equity. An increase in expenses and an increase in liabilities. O An increase in expenses and a decrease in liabilities. 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 O $4,680 0 $4,700