I have a GIC (Guaranteed Investment Certificate) that matured. The proceeds were directly deposited into my bank account - including the interest. I'm wondering how to handle this. I had the GIC down as an "Other Asset". It's easy enough to make a journal entry that debits the bank account and credits the GIC account. What I don't know is how to put in that interest. I don't think it's appropriate to put it in with the bank reconciliation, since the interest is not to do with the bank account per se. Also, the GIC matured mid-month and I want the interest entry to coincide with the maturity date.
TIA