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

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Definitions:

Belongs

The sense of being part of something or having a rightful place in a context, often reflecting a feeling of acceptance or association with a group.

Open Systems

A theory or model that views organizations as entities that interact with their environments to exchange resources and information.

Information

Data that is processed, organized, or structured in a given context to make it meaningful or useful.

Organizing

The act of arranging or structuring elements in a systematic way, often in the context of social or political movements.