Derivatives Exam II
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6 Terms
dr cash
cr bonds payable (face value)
What is the journal entry for recording a bond on the date of issue?
dr interest expense
cr cash (interest expense)
dr interest rate swap
cr gain / loss (FV pf swap contract)
cr interest expense
dr cash (net receipt of interest)
dr loss / gail
cr bonds payable (g/l of fv on fixed rate debt)
What are ALL the journal entries to record the state of an interest rate swap at the date of interest rate payments?
dr afs securities
cr cash
What is the journal entry for recording AFS securities at purchase?
dr/cr sfva
cr/dr aoci (change in price of AFS securities_
What are the journal entries to record adjustments to the hedged item (AFS securities) for a futures contract?
dr/cr margin
cr/dr gain
What are the journal entries to record a futures contract (without accounting for the hedge)?