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. $31,$

$2022$