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    moonkhan's Avatar
    moonkhan Posts: 32, Reputation: 1
    Junior Member
    		  
    #1

    Jan 23, 2009, 09:11 PM
    Recording bond issuance and interest
    How can I prepare the journal entries for issuance assuming the bonds are issued at (a) 97 and (b) 106?:confused:
    codyman144's Avatar
    codyman144 Posts: 544, Reputation: 31
    Senior Member
    		  
    #2

    Jan 24, 2009, 10:15 PM

    97 & 106 bonds I think you mean $970 & $1006. One you are issuing at a discount and one at a premium follow the rules accordingly.

    Also please see the big red notice on the top of the accounting board about where to post homework questions.
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