On November 1, 2004. Arch Services mund $320,000 of eight-year bonds with a stated rate...
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Accounting
On November 1, 2004. Arch Services mund $320,000 of eight-year bonds with a stated rate of 10% nt pw. Interest payments occur each April 30 and October 31. on December 21, 2024. 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, 20247 (Do not round any remediate calculation, and round your in answer to the neares) A. 55,333 OB. 32.000 O. 515.000 OD. 5667
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