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  • Feb 1, 2009, 04:34 PM
    dcstaten42
    Accountng 400
    How to record the purchase of bonds
  • Feb 1, 2009, 09:39 PM
    codyman144

    How do you indeed?

    Please see this:

    Ask Me Help Desk - Announcements in Forum : Accounting

    And This:

    Ask Me Help Desk - Announcements in Forum : Homework Help
  • Feb 2, 2009, 02:02 PM
    pready

    Debit Investment in Bonds for the face amount of the bond.
    Credit Cash for the amount paid
    If the Face amount of bond is more than what you paid for the bond, then the difference is: Credit Discount on Bond Investment
    If Cash paid is more than the Face amount of the them bond, then the difference is: Debit Premioum on Bond Investment

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