PDA

View Full Version : Bonds journal entry


DaQuick
Apr 7, 2007, 08:48 PM
How do I make a journal entry for-

Purchased $100,000 US Treasury 6% bond paying 102 plus $1000 accrued interest?


Please anybody
Thanks

goldenbutterfly
Apr 8, 2007, 08:54 PM
Dr. Bonds Receivable 100,000
dr. Premium on bonds receivable 2,000
dr. Accrued Interest Receivable 1,000
Cr. Cash 103,000