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A company sold bonds at a premium and received cash proceeds of $206,948 on a bond issue with a par value of $200,000. The difference
A company sold bonds at a premium and received cash proceeds of $206,948 on a bond issue with a par value of $200,000. The difference between par value and issue price for this bond is recorded as a:
| Credit to Premium on Bonds Payable. | ||
| Credit to Discount on Bonds Payable. | ||
| Debit to Premium on Bonds Payable. | ||
| Debit to Discount on Bonds Payable. |
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