On November 1, 2017,Austin Services issued $305,000 of five-year bonds with a stated rate of 12%. Thebonds were issued at par, and Austin makes semiannual payments on April 30and October 31. On December 31, 2017, Austin made an adjusting entry to accrueinterest at year-end.No further entries were made until April 30, 2018,when the first payment was made. What amount of interest expense was recordedfor the period of January 1 to April30, 2018?
You can hire someone to answer this question! Yes, essay96.com has paper writers dedicated to completing research and summaries, critical thinking tasks, essays, coursework, and other homework tasks. It's fast and safe.