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Home > Business & Careers > Accounting   »   Bonds journal entry

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Old Apr 7, 2007, 08:48 PM
DaQuick
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Bonds journal entry
How do I make a journal entry for-

Purchased $100,000 US Treasury 6% bond paying 102 plus $1000 accrued interest?


Please anybody
thanks

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Old Apr 8, 2007, 08:54 PM   #2  
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dr. Bonds Receivable 100,000
dr. Premium on bonds receivable 2,000
dr. Accrued Interest Receivable 1,000
cr. Cash 103,000
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