On January $1,2020,$ Wildhorse Enterprises issued $9\%,5-$year bonds with a face amount of $$750,000$ at par. Interest is payabl annually on January $1.$

Prepare the entries to record the issuarice of the bonds and the first annual interest accrual on December $31.($Credit account are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. List all debit entries before credit entries.$)$

Date Account Titles and Explanation