To raise cash, ACE company issued $8.000,000 face value, 10 -year, 12% bonds on March 1,201 when the market rale of interest was 12%. Intarest payments are due every September 1 and March 1. The company follows a calendar year. What is the affect of this entry on the Accounting Equation? Increase the liability notes payable and increse the labilty interest payabie Increase the asset cash, and increase the liabiity interest payable. Increase the interest expense accouint and decrease the liabilty notes payable. Incroase the labilify interest poyable and increase the interest expense account