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DanielleCPA
DanielleCPA, Certified Public Accountant (CPA)
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A $400,000 issue of bonds that sold for $363,000 matures on

Customer Question

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.

DMC :

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.

DMC :

The journal entry will be the following:

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