On April 1, 2020, Riverbed Corp. sold 11,900 of its $1,000 face value, 15-year, 12% bonds at 93. Interest payment dates are April 1 and October 1. The company uses the effective interest method. On March 1, 2021, Riverbed extinguished 2,975 of the bonds by issuing 92,700 shares. At this time, the accrued interest was paid in cash to the bondholders whose bonds were being extinguished. In a separate transaction on March 1, 2021, 120,000 of the company's shares sold for $31 per share. Your answer is partially correct. Prepare Riverbed Corp.'s journal entry to record the accrual of the interest expense on December 31, 2020. (Round answers to 2 decimal places, e.g. 52.75. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts.) Date Account Titles and Explanation Debit Credit 12/31/20 Interest Expense Interest Payable 357,000 Bonds Payable