May 24, 2006, 06:11 AM
Please advise as to proper entry to correct asset account (T-Bills) when the money is reinvested after 3-month maturity date.
Original purchase 9,900
T-Bill Income @ maturity 100
Reinvestment Amount 9,800
Original purchase 9,900
T-Bill Income @ maturity 100
Reinvestment Amount 9,800