Accounting Journal Entries?

On July 31, 2003, Spring Green paid 92 for 6% bonds of Grass Green, Inc as a long-term investment. The maturity value of the bonds will be $30,000 on July 31, 2008. The bonds pay interest on July 31 and Jan 31. Assuming straight-line amortization of premium or discount, prepare journal entries for the following dates: july 31, 2003; dec 31 2003, jan 31, 2004 and july 31 2004.
Please help!!

Both comments and pings are currently closed.

Comments are closed.

Powered by WordPress | Designed by: free css template | Thanks to hostgator coupon and web hosting reviews