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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 __________.

debit; Premium on Bonds Payable
debit; Cash
credit; Premium on Bonds Payable
credit; Interest Expense

User Noz
by
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1 Answer

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A. Debit; Premium on Bonds Payable
User Marcos Abreu
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