11. Long Term Liabilities
Straight Line Amortization of Bond Premium or Discount
Multiple Choice
Multiple ChoiceJayster Company issued bonds at a discount. The semi-annual journal entry for interest expense will include:
A
A debit to Discount on Bonds Payable
B
A debit to Premium on Bonds Payable
C
A credit to Discount on Bonds Payable
D
A credit to Premium on Bonds Payable
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