When converting to government-wide financial statements,the entry to record the amortization of the premium on a bond would:

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When converting to government-wide financial statements, the entry to record the amortization of the premium on a bond is to debit the Premium on bonds payable and credit interest expense. This is because the premium is treated as an asset and is amortized over the life of the bond, which reduces the amount of interest expense recognized each period. The bond payable is not affected by the amortization of the premium.

When Converting to Government-Wide Financial Statements,the Entry to Record the Amortization