The Entry to Record the Amortization of a Premium on Bonds

question 50

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

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Definitions:

Molecular Systematics

The science that focuses on molecular structure to clarify evolutionary relationships.

Evolutionary History

The chronology of the development and diversification of organisms through geological time periods, determined through the study of fossils and genetic analyses.

Nucleotide Sequences

The arrangement of nucleotides in a strand of DNA or RNA, determining genetic information and its expression.

Bacteria

Microscopic, single-celled organisms that inhabit almost all environments on Earth, including soil, water, and within other organisms.