Make a journal entery:

You transferred surplus cash out of the bank account to an investment account. You realised that you don't need all your capital sitting in the low interest working bank account so have transferred $100,000 into a higher interest-bearing account. Record this movement in a journal entry.

This account will pay 3% interest per annum, credited monthly on the 7 th of each month. This interest accrued will be recorded at month end.