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-   -   Journal entries for long term bond transactions (https://www.askmehelpdesk.com/showthread.php?t=317275)

  • Feb 14, 2009, 12:33 PM
    irishthunder
    Journal entries for long term bond transactions
    On June 1, 2006, Grier, Inc. issued $600,000, 6% bond which includes accrued interest. Interest is payable semiannually on February 1 and August 1 with the bond maturing on February 1, 2016. The bond callable at 102.

    What is the correct entry for this transaction?
  • Feb 14, 2009, 01:43 PM
    codyman144

    Why don't you try to answer the question yourself and than maybe someone will help you. This isn't doyourhomeworkforyou.com

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