Multiple Choice
The entry to record the amortization of a premium on bonds payable on an interest payment date would be
A) a debit to Premium on Bonds Payable and a credit to Interest Revenue
B) a debit to Interest Expense and a credit to Premium on Bond Payable
C) a debit to Interest Expense and Premium on Bonds Payable and a credit to Cash
D) a debit to Bonds Payable and a credit to Interest Expense
Correct Answer:
Verified
Correct Answer:
Verified
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