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On November 1 , 2 0 2 4 , Cleveland Services issued $ 3 0 7 , 0 0 0 of five - year bonds

On November 1,2024, Cleveland Services issued $307,000 of five - year bonds with a stated rate of 11%. The bonds were issued at par, and Cleveland makes semiannual payments on April 30 and October 31. On December 31,2024, Cleveland made an adjusting entry to accrue interest at year - end. No further entries were made until April 30,2025, when the first payment was made. What amount of interest expense was recorded for the period of January 1 to April 30,2025?(Do not round any intermediate calculations, and round your final answer to the nearest dollar.)
A. $11,257
B. $16,885
C. $33,770
D. $27,016
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