Question

The entry to amortize a bond premium would include a __________ to __________.

a. debit; Premium on Bonds Payable
b. credit; Premium on Bonds Payable
c. debit; Interest Expense
d. debit; Cash

Answer 1

a. debit; Premium on Bonds Payable

Step-by-step explanation:

Took Assignment

Answer 2

The entry to amortize a bond premium would include a debit to Premium on Bonds Payable.

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