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On 1 November 2015, Archangel Services Issued $200 000 of 10-

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On 1 November 2015, Archangel Services issued $200 000 of 10- year debentures with a stated rate of 3%. The debentures were sold at discount for $191 000, and make half- yearly payments on 30 April and 31 October. At 31 December 2015, Archangel made an adjusting entry to accrue interest at year- end. No further entries were made until 30 April 2016 when the first interest payment was made. How much interest expense will be recorded for the period of January to April 2016?


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