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

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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 __________.

a. debit; Premium on Bonds Payable

b. debit; Cash

c. credit; Premium on Bonds Payable

d. credit; Interest Expense

Related Book For answer-question

Financial accounting

ISBN: 978-0136108863

8th Edition

Authors: Walter T. Harrison, Charles T. Horngren, William Bill Thomas

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Posted Date: Feb 12, 2024 05:16 AM

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

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Financial accounting

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