[GNC] How can I record reinvestment of Treasury securities?

[Michael or Penny Novack]

>   What I would really like to see is an actual screen shot showing how
> to enter the various pieces of a transaction that involves the return of
> the par value of the bond, the assignment of interest, the purchase of the
> replacement bond once the auction determines the price to be paid.

First, usually not actually ONE transaction (especially if discrete 
bonds, not a fund)

The bond had been bought for price X. That transaction

date a     debit Bondxyz  X     credit cash  X

The bond is sold at maturity for price Y

date b      debit cash Y         credit Bondxyz X, credit interest 
(Y-X)   ----  tax law considers this interest, not a capital gain

NOW back to "a" (the reinvestment --- of course the discount price in 
general different from X)


Michael D Novack