The Account Entitled Premium on Bonds Payable

Multiple Choice

The account entitled Premium on Bonds Payable:

A) increases when amortization entries are made.
B) appears on the balance sheet of the issuer as a deduction from bonds payable.
C) decreases when amortization entries are made and its balance is equal to zero at the maturity date of the bond.
D) is a contra account with a normal debit balance.