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    irishthunder's Avatar
    irishthunder Posts: 1, Reputation: 1
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    #1

    Feb 14, 2009, 12:33 PM
    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?
    codyman144's Avatar
    codyman144 Posts: 544, Reputation: 31
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    #2

    Feb 14, 2009, 01:43 PM

    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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