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On November 1, 2013, Archangel Services Issued $200,000 of 10-Year

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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. Please provide that journal entry.
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. Please provide that journal entry.


Definitions:

Uterus Entry

Refers to any method or process that allows for direct access or effect on the interior of the uterus, often relating to medical procedures or examinations.

Spermicides

Chemical agents used during sexual intercourse to kill sperm and prevent fertilization.

Oocyte

An oocyte is a female reproductive cell or egg cell that has the potential to develop into a new organism upon fertilization.

Conception

The process of fertilization where a sperm cell combines with an egg cell to form a zygote, marking the beginning of pregnancy.

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