and credit Discount The entry to periodically record a bond discount is to debit on Bonds Payable ke Interest Expense Discount Expense Interest Revenue Discount Expense Like bond discounts, a bond premium must be over the life of the bond sold off paid in amortized paid in The entry to amortize a bond premium is to debit Premium on Bonds Payable and Interest Expense Premium on Bonds Payable O Premium on Bonds Receivable Discount on Bonds Payable Discount on Bonds Receivable Unlike bonds, each installment note payment includes an interest and component discount O premium O participal principal