BOND AND BUILDING LOANS - 7827
(Revised: 04/2022)
A bond and building loans subsidiary ledger contains an account for each series of bonds issued and/or each building loan payable. The accounts are credited for the par value, premium, and accrued interest sold, received on bonds issued, and the amount of building loans payable. The accounts are debited for the premium amortized, bonds redeemed, payments of interest representing accrued interest sold, and principal payments on building loans.
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