Question: The account called Premium on Bonds Payable: Multiple Choice increases when amortization entries are made. decreases when amortization entries are made and its balance is

The account called Premium on Bonds Payable: Multiple Choice increases when amortization entries are made. decreases when amortization entries are made and its balance is equal to zero at the maturity date of the bond. is a contra account with a normal debit balance. appears on the balance sheet of the issuer as a deduction from bonds payable

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