When bonds are issued at a premium, the bond premium reduces the amount of interest expense over the life of the bonds. increases the amount of interest expense over the life of the bonds. does not change the amount of interest expense over the life of the bonds. is changed to interest expense when the bond is issued. The straight line amortization method amortizes equal different larger none of the above The Discount on elands Payable account with have it debit credit double of credit none of the above