asked 178k views
19 votes
Using the interest method, the journal entry to record the first interest payment and the related amortization for bonds issued at a premium includes a __________ to __________.

debit; Premium on Bonds Payable
debit; Cash
credit; Premium on Bonds Payable
credit; Interest Expense

asked
User Noz
by
8.2k points

1 Answer

5 votes
A. Debit; Premium on Bonds Payable
answered
User Marcos Abreu
by
8.2k points
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