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Sept. 1. Paid the interest on the bonds. Financial Statement Effects Sept. 1. Assets Operating Cash -75,250,000 X Statement of Cash Flows -75,250,000 X =
Sept. 1. Paid the interest on the bonds. Financial Statement Effects Sept. 1. Assets Operating Cash -75,250,000 X Statement of Cash Flows -75,250,000 X = = Liabilities No effect Balance Sheet 10 + 12 Stockholders' Equity Retained earnings -75,250,000 X Income Statement Interest expense -75,250,000 X
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