Example of an Adjunct Account
For example, if a company issues $100,000 of its bonds payable for $97,000, it will be issuing the bonds at a discount rate of 3% . The company's entry will include a debit to Cash for $97,000, a credit to Bonds Payable for $100,000; and a debit to Discount on Bonds Payable for $3,000.
Example Of An Adjunct Account The corporation will post a debit of $97,000 to Cash, a credit of $100,000 to Bonds Payable, and a debit of $3,000 to Discount on ... |
Example of Adjunct Account Assume that a corporation issued bonds with a maturity value of $2,000,000 but investors paid the corporation $2,100,000 because of ... |
A common example of an adjunct account is the “accumulated depreciation” account, which tracks the total depreciation expense accumulated over the life of a ... |
11 мар. 2024 г. · The most common example of an adjunct account is the unamortized bond premium account, which is used when a business sells bonds at a premium. |
For example, the account Unamortized Premium on Bonds Payable (or simply Bond Premium) is an adjunct account since its credit balance is added to the amount in ... |
Examples of Adjunct Accounts · Premium on Bonds Payable: Increases the book value of bonds payable. · Unamortized Bond Premium: Represents the premium on bonds ... |
An adjunct account is a type of account that accumulates additions to another account. For example, a company may have an adjunct account for employee benefits ... |
Thus the original account may retain its identity. Examples include premiums on bonds payable, which is a contra account to bonds payable; and accumulated ... |
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