[dcstaten42]

How to record the purchase of bonds

[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

[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