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On November 1, 2014, Archangel Services issued $300,000 of 8 - year bonds with a stated rate of 9% at par The bonds make semiannual

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On November 1, 2014, Archangel Services issued $300,000 of 8 - year bonds with a stated rate of 9% at par The bonds make semiannual payments on April 30 and October 31. At December 31, 2014. Archangel made an adjusting entry to accrue interest at year - end. How much Interest Expense will be recorded at December 31. 2014

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