Bonds and Interest Payable (COA)

Bonds Payable

This account subgroup is used to record the principal payment related to bond indebtedness which has matured or will mature within one year.

• 216100 Revenue Bonds Payable (old title: Coupon Bonds Payable)

This account is used to record the principal payment related to revenue bond indebtedness which has matured or will mature within one year.  (Note: Account was formerly titled Coupon Bonds Payable.  Effective for year end 6/30/03, account 216100 must only be used for revenue bonds payable as defined above. See account 226101 for General Obligation Bonds payable.)

• 216105 Certificates of Participation Payable
  

Interest Payable

This account consists of interest which has matured but remains unpaid and accrued interest.

• 216210 Matured Interest Payable

This account is used to record unpaid interest on bonds that have reached or passed their maturity date.

• 216220 Accrued Interest Payable

This account is used to record interest costs that have been incurred but is not due until a later date.