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-   -   Bonds journal entry (https://www.askmehelpdesk.com/showthread.php?t=80241)

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

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


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

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