8. MC.14-78 The entry to record the amortization of a premium on bonds payable on an interest payment date would a debit to Interest Expense and Premium on Bonds Payable and a credit to Cash a debit to Interest Expense and a credit to Premium on Bond Payable a debit to Premium on Bonds Payable and a credit to Interest Revenue a debit to Bonds Payable and a credit to Interest Expense