Garr Co. issued $5,000,000 of 12%, 5-year convertible bonds on December 1, 2010 for $5,020,800 plus accrued interest. The bonds were dated April 1,… | Cheap Nursing Papers
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Garr Co. issued $5,000,000 of 12%, 5-year convertible bonds on December 1, 2010 for $5,020,800 plus accrued interest. The bonds were dated April 1,…

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1. Garr Co. issued $5,000,000 of 12%, 5-year convertible bonds on December 1, 2010 for $5,020,800 plus accrued interest. The bonds were dated April 1, 2010 with interest payable April 1 and October 1. Bond premium is amortized each interest period on a straight-line basis. Garr Co. has a fiscal year end of September 30.

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