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

[Wm]

Mon, 16 Mar 2015 11:06:23 <me6v20$epr$1 at ger.gmane.org>  Larry Evans 
<cppljevans at suddenlink.net>

>On 03/09/2015 10:40 AM, Larry Evans wrote:
>> 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_leva
>>ns-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?
>>
>Since, apparently, there's no interest in these uploaded files,
>I'll delete them if there's no interest expressed in the next
>few days.

If they're in any way personal delete them, you've done good but there 
is no way you can know your files will be used well.

-- 
Wm...