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Business, 21.04.2020 17:28 jasminevargasolea

On November 1, 2014, Archangel Services issued $300,000 of 8-year bonds with a stated rate of 9% at par. The bonds make semiannual payments on April 30 and October 31. At December 31, 2014, Archangel made an adjusting entry to accrue interest a year-end. How much Interest Expense will be recorded at December 31, 2014?

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On November 1, 2014, Archangel Services issued $300,000 of 8-year bonds with a stated rate of 9% at...
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