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    marrieddiva Posts: 2, Reputation: 1
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    #1

    Jul 22, 2008, 12:33 PM
    Journalizing bonds
    How do you journalize an entry for bonds issued?
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    Jul 22, 2008, 12:34 PM
    How do you journalize bonds issued?
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    segcor Posts: 7, Reputation: 1
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    Jul 23, 2008, 08:28 PM
    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.

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