12 of 22 View Policies Show Attempt History 0.56/1 EE Current Attempt in Progress On January 1, 2022, Ivanhoe Company issued $425,000, 12%, 10-year bonds at face value. Interest is payable annually on January 1. 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, Interest Expense 2022 Interest Payable