Questions 1. (1 point) What journal entry did Apple make when it issued $85 billion in bonds (ignore underwriting fees)? Cash a8.5 billion b 8.5 billion Assets Liabilities Stockholders' Equity Revenue Expense Net Income Statement of Cash flow Prepaid expenses Accounts payable Bonds payable Common Stock Retained eamings . 8.5 billion+ 8.5 billion + 8.5 billion FA 8.5 billion OA . . 6.5 billion 8.5 billion 8.5 billion 8.5 billion 8.5 billion OA 8.5 billion FA 8.5 billion+ d 8.5 billion OA-operating activity IA- investing activity FA-Financing activity 2. (1 point) How was accounting equation impacted by the bond issuance? a. Assets increased, liabilities increased, equity unaffected. b. Assets increased, liabilities increased, equity increased. c. Assets increased, liabilities increased, equity decreased. d. Assets decreased, liabilities increased, equity unaffected