The Entry to Record the Amortization of a Premium on Bonds

question 75

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

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