Question: 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

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

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