Ask Me Help Desk
>
Education
>
Homework Help
>
Finance & Accounting
> Journal entry for bond purchase
Log in
View Full Version :
Journal entry for bond purchase
R Cassity
Mar 10, 2009, 08:48 PM
What is the correct journal entry for purchase of US Treasury 6% bonds at par plus accrued interest of $1000 - security to be held for short-term profits?
ROLCAM
Mar 10, 2009, 11:41 PM
DEBIT US Treasury 6% bonds ACCOUNT XXX
CREDIT Bank Account XXX