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What is the amount of Interest Expense that will be recorded

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Question - On November 1. 2024, Arch Services issued $329,000 of eight - year bonds with a stated rate of 9' at par. Interest payments occur each April 30 and October 31. On December 31, 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, 2024?

Reference no: EM133127560

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