A premium on bonds payable occurs when the issuing company sells its bonds for more than their face value. This is an adjunct account to the bonds payable ...

Premium on Bonds Payable is an adjunct account with a debit balance, a contra account with a credit balance, an adjunct account with a credit balance.

An adjunct account is a valuation account from which credit balances are added to another account.

3 нояб. 2024 г. · A premium on bonds payable is an adjunct account. An adjunct account is an account in financial accounting that increases the book value of a ...

An adjunct account is a general ledger account that is related to another general ledger account. The combination of the balance in the adjunct account and the ...

25 мар. 2023 г. · Premium on bonds payable is an adjunct account. a contra account. reported as a reduction of the bond liability. debited to a deferred charge account and ...

The premium on bonds payable is an adjunct account. The normal balance of this account is credit. Premium on bonds payable is deducted from the bonds payable ...

13 февр. 2023 г. · The premium on bonds payable is an adjunct account that provides additional information about the bond payable account and is used to record the amount paid by ...

For example, the account Unamortized Premium on Bonds Payable (or simply Bond Premium) is an adjunct account since its credit balance is added to the amount ...