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DanielleCPA, Certified Public Accountant (CPA)
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Experience:  CPA experienced in tax and financial planning
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A $400,000 issue of bonds that sold for $363,000 matures on

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A $400,000 issue of bonds that sold for $363,000 matures on August 1, 2015. The journal entry to record the payment of the bond on the maturity date is
Submitted: 5 years ago.
Category: Finance
Expert:  DanielleCPA replied 5 years ago.


Hi and welcome to Just Answer! I'm happy to help answer your Finance questions. Feel free to interject at any time if you need clarification.


The journal entry will be the following:

Dr. Bonds Payble 400,000
Cr. Cash 400,000

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