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