True or False on the following statements regarding bonds issued at a premium.1.On the date of issuance the net book value of the bonds payable will be higher than face value. 2. Upon maturity the net book value of the bonds payable will equal face value. 3.As the premium is amortized each interest period a reduction to interest expense will be recorded. 4.As the premium is amortized each interest period the net book value of the bonds payable will decrease. 5.The amortization of the premium each interest period impacts the amount of cash paid each interest period. 6.The premium on bonds payable ledger account is a contra liability account.
