marrieddiva
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.