Posts Tagged ‘Invest’

Journal entry for investing in a certificate of deposit?

Tuesday, January 5th, 2010
g asked:


the question is..

Invest 2,000 in a Certificate of deposit.

What is the journal entry for this transaction?

1st deposit

If you invest $5000 in a certificate of deposit at the bank and you recieve annual intreset of 8% for 7 years?

Thursday, September 17th, 2009
ShoeGal asked:


If you invest $5000 in a certificate of deposit at the bank and you recieve annual intreset of 8% for 7 years, how much interest will this investment earn during this period of time?

1st deposit