Multiple Choice
The journal entry a company records for the interest payment and amortization of bond premium is
A) debit Interest Expense, credit Cash and Premium on Bonds Payable
B) debit Interest Expense, credit Cash
C) debit Interest Expense and Premium on Bonds Payable, credit Cash
D) debit Interest Expense, credit Interest Payable and Premium on Bonds Payable
Correct Answer:
Verified
Correct Answer:
Verified
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