Business, 07.05.2020 12:57 poohnia

On November 1, 2018, Arch Services issued $ 305 comma 000 of eightminusyear bonds with a stated rate of 11% at par. Interest payments occur each April 30 and October 31. On December 31, 2018, Arch made an adjusting entry to accrue interest at yearminusend. What is the amount of Interest Expense that will be recorded on December 31, 2018? (Do not round any intermediate calculations, and round your final answer to the nearest dollar.)

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On November 1, 2018, Arch Services issued $ 305 comma 000 of eightminusyear bonds with a stated rate...

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