When Converting to Government-Wide Financial Statements,the Entry to Record the Amortization

Multiple Choice

When converting to government-wide financial statements,the entry to record the amortization of the premium on a bond would look like:

A) Debit the Premium on bonds payable and a credit premium expense
B) Debit the Premium on bonds payable and a credit interest expense
C) Debit the Bond Payable and a credit Premium on bonds payable
D) There is no entry. You do not amortize the premium.