The entry to record the amortization of Premium on Bonds Payable is ________.

Question 17 options:

	Debit Interest Expense, Credit Cash
	Debit Interest Expense, Credit Premium on Bonds Payable
	Debit Premium on Bonds Payable, Credit Interest Expense
	Debit Cash, Credit Interest Expense

A partnership is said to have __________ because each partner can bind the partnership to any contract within the apparent scope of the business.

Question 18 options:

	Unlimited Liability
	Limited Life
	Pre-Emptive Right
	Mutual Agency