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| Subject:
journal entries
Category: Business and Money > Accounting Asked by: cpasoon3-ga List Price: $8.00 |
Posted:
02 Mar 2005 05:39 PST
Expires: 05 Mar 2005 12:00 PST Question ID: 483394 |
"asset and revenue approach" Details: On feb. 1, 2004 ABC company had excess cash on hand. ABC company purchased $200,000 of U.S treasury bonds selling at 102 and paying 8% interest. Interest payments were made semiannually on Jan 1 and July 1 Record journal entries to record the February purchase of U.S treasury bonds and the subsequent collection of interest on JUly 1, using 1. The assets approach 2. revenue approach |
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Re: journal entries
From: respree-ga on 02 Mar 2005 17:53 PST |
http://www.swlearning.com/accounting/rama/intacct_int/student/module20/m20t1t1.html |
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