On November 1,2015,Archangel Services Issued $200,000 of 10-Year Bonds with a Stated

Multiple Choice

On November 1,2015,Archangel Services issued $200,000 of 10-year bonds with a stated rate of 3%.The bonds were sold at discount for $191,000,and make semiannual payments on April 30 and October 31.At December 31,2015,Archangel made an adjusting entry to accrue interest at year-end.How much interest expense is recorded at December 31,2015?

A) $1,075
B) $2,000
C) $1,150
D) $2,150