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Lets say Grantham Capital, LLC has issued 100 bonds with the following characteristicS: Par Value of Bond Issued (amount of the loan) $2,500 Annual Interest
Lets say Grantham Capital, LLC has issued 100 bonds with the following characteristicS: Par Value of Bond Issued (amount of the loan) $2,500 Annual Interest Rate (interest rate of the loan) 5% Term (the amount of time before the loan will be paid back) 5 years Date of Bond (date the loan was made) January 1, 2015 Please complete the journal entry to retire the bond at the end of the five years.
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