Ask Experts Questions for FREE Help !
Ask
    paramod's Avatar
    paramod Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Oct 22, 2009, 11:57 AM
    Bond journal entry
    Hi guys,

    I have a question regarding a journal entry for a bond...

    "This is from Company A’s 10K-Report. Company A makes interest payments
    annually on Dec 31 of each year.

    8.625% B0nds due 2010, including
    Unam0rtized premium of
    4462$ and
    5162$.........

    2005: 304,462$
    2004: 305,162$

    What were the journal entries on Dec 31 2005 to record interest expense?"

    Thanks!
    decisionsupport's Avatar
    decisionsupport Posts: 31, Reputation: 1
    Junior Member
    		  
    #2

    Oct 26, 2009, 04:07 AM

    I'm not sure you've provided enough information. For information on accounting for bonds including setting up an amortization table, see this article ACCOUNTING FOR BONDS
    decisionsupport's Avatar
    decisionsupport Posts: 31, Reputation: 1
    Junior Member
    		  
    #3

    Jun 25, 2012, 02:39 PM
    I've moved the article to my new site in case anyone is interested in Accounting for Bonds | eFinancialAnalysis
Not your question? Ask your question View similar questions
 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

Journal Entry / Double-entry software needed [ 5 Answers ]

Hi, I am looking for a good software to use for daily journal entries and adjustments, that will allow me to create at least a balance sheet & income statement and perhaps a few reports (like inventory, accounts receivables). I need a real double-entry & simple reliable software. Peachtree &...

Journal entry to record the purchase of a bond with purchased interest [ 1 Answers ]

Wanted to know the journal entry required when purchasing a bond with accrued interest and the bond is purchased at a discount

Journal entry for bond purchase [ 1 Answers ]

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?

What do I debit/credit in journal entry/adjusting entry? [ 1 Answers ]

Hi. I am unsure about the correct way to debit/credit these entries. Can someone help me? Window Washing Company opened on July 1, 2010. During July the following transactions were completed: July 1 Issued 14,456 shares of common stock for $14,456 cash. July 1 Purchased used truck for...

Bond Payments and Journal and Journal Entries [ 0 Answers ]

What is the adjusting entry at Dec 31, 2007 for this problem? Problem: Logan Corporation issued 800000 of 8% bonds on October 1, 200, due on October 1, 2011. The interest is to be paid twice a year on April 1 and October 1. The bonds were sold to yield 10% effective annual interest.

View more questions Search