Using the interest method, the journal entry to record the first interest payment and the related amortization for bonds issued

Question

2 years ago

11

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

Business

1 answer:

slavikrds [6] · Answer 1 · 2022-11-10T23:21:50+03:00

slavikrds [6]2 years ago

6 0

A. Debit; Premium on Bonds Payable