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:

Sociological Approach

A method of studying society that focuses on understanding social structures, patterns, and relationships from a systematic and critical perspective.

Culture Shock

A feeling of disorientation and discomfort that one may experience when exposed to a foreign culture or social environment for the first time.

Sociological Imagination

The ability to see the relationship between individual experiences and the larger society.

Unemployment Rates

The percentage of the labor force that is jobless and actively seeking employment.