The entry to record the amortization of a premium on bonds payable on an interes

Question

The entry to record the amortization of a premium on bonds payable on an interest payment date includes: Answer 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 The entry to record the amortization of a premium on bonds payable on an interest payment date includes: The entry to record the amortization of a premium on bonds payable on an interest payment date includes: debit Premium on Bonds Payable, credit Interest Revenue debit Interest Expense, credit Premium on Bond Payable debit Interest Expense, debit Premium on Bonds Payable, credit Cash debit Bonds Payable, credit Interest Expense 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

Explanation / Answer

debit Interest Expense, debit Premium on Bonds Payable, credit Cash is the answer

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