On November 1,2015,Archangel Services Issued $200,000 of 10-Year Bonds with a Stated

question 51

Multiple Choice

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

• A) $3,000
• B) $2,700
• C) $2,000
• D) $2,300

---

Definitions:

Total Resistance

The cumulative resistance faced by current in a circuit, calculated by summing individual resistances in series and applying parallel resistance formulas when appropriate.

27 Ω

A specific resistance value, indicating an object or material has a resistance of twenty-seven ohms.

56 Ω

A specific value of electrical resistance indicating that an object opposes the flow of electric current with a force of 56 ohms.

Current Flow

The movement of electric charge carriers, like electrons, through a conductor, measured in amperes (A).