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On January 1,2022, Sunland Company issued $420,000,12%,10-year bonds at face value. Interest is...

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Accounting

On January 1,2022, Sunland Company issued $420,000,12%,10-year bonds at face value. Interest is payable annually on January 1.
(a)
(b).
Prepare the journal entry to record the accrual of interest on December 31,2022.(Credit account titles are automatically indented when amount is entered. Do not indent manually.)
Date Account Titles and Explanation
Debit
Credit
Dec. 31,
2022
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