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    DaQuick's Avatar
    DaQuick Posts: 4, Reputation: 1
    New Member
    		  
    #1

    Apr 7, 2007, 08:48 PM
    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
    goldenbutterfly's Avatar
    goldenbutterfly Posts: 63, Reputation: 8
    Junior Member
    		  
    #2

    Apr 8, 2007, 08:54 PM
    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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