The entry to record the amortization of a premium on bonds payable on an interest payment date includes:
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

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The Answer of The entry to record the amortization of a premium on bonds payable on an interest payment date includes:
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