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    R Cassity's Avatar
    R Cassity Posts: 1, Reputation: 1
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    #1

    Mar 10, 2009, 08:48 PM
    Journal entry for bond purchase
    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?
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    ROLCAM Posts: 1,420, Reputation: 23
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    #2

    Mar 10, 2009, 11:41 PM

    DEBIT US Treasury 6% bonds ACCOUNT XXX
    CREDIT Bank Account XXX

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