GnuCash: how to enter the purchase of a corporate bond with accrued interest

[Larry Evans]

On 03/07/2015 05:59 PM, Alice Lee wrote:
> You made an entry 12/31 with a credit to interest income of $10, a debit to
> Interest Receivable of $5 and a debit to cash of $5.  When you receive the
> interest, the entry should be debit cash $10, credit Interest Receivable $5
> and credit interest income $5.  Change your 12/31 entry and that will
> correct your balance sheet.
> 
> When you bought the bond the debit to interest receivable was $5 now the
> account will be zeroed out when you receive the interest and this would
> leave you with the amount of income you actually received which was $5.   
> 

Thank you Alice for walking me through it.
Following your instructions, it now works and has
been uploaded to:

https://dl.dropboxusercontent.com/u/68452003/accrued_interest-alee_levans-right.gnucash

The alternative method, which I mentioned in one of my first posts:

http://lists.gnucash.org/pipermail/gnucash-user/2015-February/058965.html

and which also has been uploaded to:

https://dl.dropboxusercontent.com/u/68452003/accrued_interest-csingley_levans.gnucash

uses 1 less account and doesn't require learning about accounts
receivable.  What is the advantage of the accounts receivable method
over the alternative one which uses less accounts?

-regards,
Larry