On November 1,2018,Arch Services Issued $313,000 of Eight-Year Bonds with a Stated

question 159

Multiple Choice

On November 1,2018,Arch Services issued $313,000 of eight-year bonds with a stated rate of 12% at par.Interest payments occur each April 30 and October 31.On December 31,2018,Arch made an adjusting entry to accrue interest at year-end.What is the amount of Interest Expense that will be recorded on December 31,2018? (Do not round any intermediate calculations,and round your final answer to the nearest dollar.)

• A) $37,560
• B) $6260
• C) $18,780
• D) $783

---

Definitions:

Conjunctivas

The mucous membranes that cover the front surface of the eyeball and the inner surface of the eyelids, acting as a protective barrier.

Extrinsic Eye Muscles

The six muscles located outside the eyeball that control the movements of the eye and the orientation of the eyelids.

Cornea

The transparent front part of the eye that covers the iris, pupil, and anterior chamber, providing most of the eye's optical power.

Lens

A piece of glass or other transparent material shaped to concentrate or disperse light rays, used in glasses, cameras, and various optical instruments.