ENTRY NO. 33 – [INVESTMENTS ARE PURCHASED] - 10533-OCT-2015
This entry is made to record investments when purchased.
Information:
Investments are purchased and held by the State Treasurer’s Office (STO). The source of this entry is a copy of the STO’s claim schedule. (The entry is recorded as of the date of the detail sheet supporting the claim schedule.)
Source Document:
Detail sheet supporting the claim schedule prepared by the STO.
Journal Entry for Investments Purchased:
Debit:
1320 Accrued Interest Receivable a/
2011 Investment in Securities at Cost b/
2012 Investment in Securities c/
2013 Premium on Securities d/
2021 Investment in Common Stock e/
2022 Investment in Preferred Stock f/
Credit:
1140 Cash in State Treasury g/
2014 Discount on Securities h/
a/ amount of accrued interest purchased on investments acquired between interest dates.
b/ cost investment in debt securities.
c/ face value of investment in debt securities.
d/ amount of premium paid on investments purchased.
e/ cost of investment in common stocks.
f/ cost of investment in preferred stocks.
g/ amount expended for investments purchased.
h/ amount of discount on investments purchased.