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Ceiling Company purchased 1430000 6 percent bonds issued by Melissa Company on January 1 The purchase price of the bonds was 1480000 How to record journal entry for purchasing bonds?

Updated: 9/21/2023

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∙ 10y ago

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[Debit] Investment in Melissa Company 1480000

[Credit]Cash/Bank 1480000

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Q: Ceiling Company purchased 1430000 6 percent bonds issued by Melissa Company on January 1 The purchase price of the bonds was 1480000 How to record journal entry for purchasing bonds?

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Related questions

How do you write 1.48 million as a number?

Expressed in numbers, 1.48 million is equal to 1480000.

How do you write 1.48 million?

1480000 cuz two zeros is one hundred three zeros is one thousand so four zeros is one million

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Ceiling Company purchased 1430000 6 percent bonds issued by Melissa Company on January 1 The purchase price of the bonds was 1480000 How to record journal entry for purchasing bonds?

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