Journalizing bonds

marrieddiva · #1 Jul 22, 2008, 12:33 PM

How do you journalize an entry for bonds issued?

marrieddiva · Jul 22, 2008, 12:34 PM

How do you journalize bonds issued?

segcor · Jul 23, 2008, 08:28 PM

Debit Bank account $xxxx.xx - net proceeds of issuance
Debit Bond issue costs $xxxx.xx - capitalize and amortize over life of bond
Credit Bonds Series ? $xxxx.xx - face value of bonds issued

Debit/credit discount/premium on bonds and amortize over life of bond.



At Ask Me Help Desk you can ask questions in any topic and have them answered for free by our experts. To ask questions or participate in answering them you must register for a free account. By registering you will be able to: Get free answers from experts in any of our 300+ topics. Accept money for answers that you provide. Communicate privately with other members (PM). See fewer ads. Sign Up!