a-bond-pays-1800-in-cash-interest-and-amortizes-300-of-premium-what-is-the-journ

Question

A bond pays $$1,800 in cash interest and amortizes 300 of $$premium. What is the journal entry for interest expense and premium amortization?

Accepted Answer

Debit Interest Expense $$1,500, Debit Premium on Bonds Payable 300$$, Credit Cash $1,800

Answer

Debit Interest Expense $$1,800, Debit Premium on Bonds Payable 300$$, Credit Cash $2,100

Answer

Debit Interest Expense $$1,800, Credit Premium on Bonds Payable 300$$, Credit Cash $2,100

Answer

Debit Interest Expense $$2,100, Credit Premium on Bonds Payable 300$$, Credit Cash $1,800

A bond pays \$1,800 in cash interest and amortizes \$300 of premium. What is the journal entry for interest expense and premium amortization?