The Following Information Pertains to Questions

Essay

The following information pertains to questions
On January 1,2011,GRL Inc.purchased,in U.S.Funds $500,000 of Bonds of the OBY Company.On that date,the Bonds were trading at par.These Bonds pay 10% interest annually each December 31.The Bonds mature on December 31,2013.The following exchange rates were applicable between 2011 and 2013.The rates indicate the cost (in Canadian dollars)of purchasing 1 U.S.dollar:
-Prepare GRL's journal entries for each of 2011,2012 and 2013.