On December 31, 2013, Crown Co. paid cash for interest on bonds it had issued on January 1, 2013 at 98, and amortized part of the discount on bonds. Indicate the effects of the payment of interest and amortization of the discount.

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The Answer of On December 31, 2013, Crown Co. paid cash for interest on bonds it had issued on January 1, 2013 at 98, and amortized part of the discount on bonds. Indicate the effects of the payment of interest and amortization of the discount.