Ask Me Help Desk

Ask Me Help Desk (https://www.askmehelpdesk.com/forum.php)
-   Accounting (https://www.askmehelpdesk.com/forumdisplay.php?f=19)
-   -   Journalizing bonds (https://www.askmehelpdesk.com/showthread.php?t=240403)

  • Jul 22, 2008, 12:33 PM
    marrieddiva
    Journalizing bonds
    How do you journalize an entry for bonds issued?
  • Jul 22, 2008, 12:34 PM
    marrieddiva
    How do you journalize bonds issued?
  • Jul 23, 2008, 08:28 PM
    segcor
    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.

    • All times are GMT -7. The time now is 11:33 PM.