Normal balance of the account discount on bonds payable

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Question: 1. What is the normal balance of the account Discount on Bonds Payable? Is it added to or subtracted from the Bonds Payable account to determine the carrying amount?

2. What is the normal balance of the account Premium on Bonds Payable? Is it added to or subtracted from the Bonds Payable account to determine the carrying amount?

Reference no: EM131820068

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