On November 1, 2018, Arch Services issued $ 337 comma 000 of eight minus year bonds with a stated rate of 15 % at par. Interest payments occur each April 30 and October 31. On December 31, 2018, Arch made an adjusting entry to accrue interest at yearminusend. What is the amount of Interest Expense that will be recorded on December 31, 2018
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Home » Business » On November 1, 2018, Arch Services issued $ 337 comma 000 of eight minus year bonds with a stated rate of 15 % at par. Interest payments occur each April 30 and October 31.