Question

Is premium in debit or credit

Answer 1

Answer:

The combination of 1) the unamortized credit balance in the account Premium on Bonds Payable, 2) the unamortized debit balance in the account Bond Issue Costs, and 3) the $10,000,000 credit balance in Bonds Payable is known as the book value or the carrying value of the bonds payable.

Answer 2

yes..................