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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
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
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