Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. the adjusting entry to record the amortization of

The adjusting entry to record the amortization of a premium on bonds payable an interest...

80.2K

Verified Solution

Question

Accounting

The adjusting entry to record the amortization of a premium on bonds payable an interest expense is (What is the payment entry?)

a. debit interest expense and debt premium on bonds payable credit cash

b. debit premium on bonds payable, credit interest expense, and credit cash

c. debit bonds payable, credit interest expense, and credit cash

d. debit interest expense and credit cash

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

GBP depreciates against USD for the next 3-6 months, how do you set up a trading...

Finance
Q

Walmart entered in some countries through acquisitions and in some countries through greenfield investment. What entry...

General Management
Q

In the circuit shown in the figure the effective resistance between A and B is...

Physics
Q

Andrea has 3 hours to spend training for an upcoming race. She completes her training...

Basic Math
Q

Between The Ears (BTE.com) is a popular Internet music store. During the current year, the...

Accounting
Q

2 If the workbook opens in Protected...

Accounting
Q

PLEASE SOLVE URGENTLY! Sunshine Pty Ltd made a loan of $100,000 to an employee on...

Accounting
Q

The HRM Cafe desires to rent space for a second location. A lessor with sufficient...

Accounting
Q

Classify each of the performance measures below into the most likely of four balanced scorecard...

Accounting
Q

6. The demand equation for a product is given by p=22-x^2/3x where p (in dollars)...

Accounting
Q

Research a company that has reduced its physical inventory holdings over the last few decades....

Accounting
Q

AI Inc. uses machine hours as the allocation base for monthly manufacturing overhead cost. The...

Accounting