This applies to loans or other debt obligations ... only works if investors purchase the bonds at par. The company's journal entry credits bonds payable for the par value, credits interest ...

In other cases, one department will make a purchase, for example supplies expense, which will be shared among several others. The appropriate journal entry for this would be an adjusting entry. The ...

Seiler gives an example of a business that purchases ... Put another way, you are creating a long-term notes payable journal entry or providing long-term loan accounting treatment.