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Debit cash / bank
Credit long term bonds

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10y ago

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How do you prepare the journal entry to issue 100000 in bonds which sold for 98000?

debit cash / bank 98000credit share capital 98000


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[Debit] Dividend [Credit] Cash


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Debit cash / bankCredit share capital


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Debit cash / bankCredit share capital


Can a private company issue bonds?

Yes, a private company can issue bonds to raise capital. These bonds are typically referred to as private placements and are offered to a select group of investors. Private companies may choose to issue bonds as a way to diversify their sources of funding and potentially lower borrowing costs.


What is the journal entry of issue of shares?

Debit Cash / bankCredit Shares in share capital of business


What is the general ledger journal entry issue an invoice on sale of account?

Debit accounts receivableCredit sales revenue


Do corporations issue stocks and bonds?

They do in fact issue stocks and bonds.


What is the journal entries of cheque cancellation?

Party a/c.... Dr Bank a/c.....Cr If we issue a cheque we would have passed an entry (debit the receiver/firm & credit the bank) that entry should be reversed (debit bank & credit the firm).


Where can I find the issue number on a journal?

The issue number of a journal can usually be found on the cover or the first few pages of the journal, near the publication date and volume number.


What is generally the reason for a company to issue bonds?

Companies issue bonds as a way to raise capital for financing projects or operations. By issuing bonds, companies can borrow money from investors at a fixed interest rate for a specified period, providing a source of funding that is different from taking out a loan from a bank. Additionally, issuing bonds can help diversify a company's sources of funding and leverage its creditworthiness to potentially access lower borrowing costs.


What is the journal issue number for the latest publication on climate change impacts?

The journal issue number for the latest publication on climate change impacts is issue number 3.