On November 1,2013,Archangel Services Issued $200,000 of 10-Year Bonds with a Stated

question 118

Essay

On November 1,2013,Archangel Services issued $200,000 of 10-year bonds with a stated rate of 3%.The bonds were sold at par and make semiannual payments on April 30 and October 31.At December 31,2013,Archangel made an adjusting entry to accrue interest at year-end.No further entries were made until April 30,2014,when the first payment was sent out.Please provide the journal entry for this payment.
$$\begin{array} { | l | l | l | } \hline \quad\quad& \quad&\quad \\\hline & & \\\hline & & \\\hline\end{array}$$

---

Definitions:

War Debts

The financial obligations incurred by countries as a result of war expenditures, often leading to discussions or conflicts regarding repayment after the war's conclusion.

Political Party

An organized group of people with at least roughly similar political aims and opinions, that seeks to influence public policy by getting its candidates elected to public office.

Federal Power

Federal power refers to the authorities and responsibilities held by the federal government, as distinguished from those of state or local governments, in countries with a federal system of governance.

Democratic Republicans

A political party in the early United States, led by Thomas Jefferson and James Madison, advocating for states' rights and a strict interpretation of the Constitution.