Log in

View Full Version : How do I do adjusting entries for few examples


Svjetlana
Oct 21, 2009, 09:59 AM
I would really appriciate anybodys help

On August 1, 2008 Banff purchased, as a temporary investment, 70 $ 1000, six percent bonds of Allen Corp, at par. The bonds mature on August 1, 2011. Interest payment dates are July 31 and January 31

Thanks

marcbell
Oct 21, 2009, 02:08 PM
A Retired bond at 130,000 face value at 12% at 102. How to do the journal entry?