On January $1,2025,$ Sunland Corporation issued $$1,700,000$ face value, $7\%,10-$year bonds at $$1,585,929.$ This price resulted in an

effective$-$interest rate of $8\%$ on the bonds. The bonds pay annual interest, each January $1.$ Sunland has a calendar year end.Prepare the journal entry to record the accrual of interest and the amortization of the discount on December $31,2025.($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 $0$ for the amounts. List all debit entries before credit entries. Round answers to $0$ decimal places, e$.$g$.5,275.)$

Date

Account Titles

Debit

Credit

Dec.

$31,$

$2025$

Interest Payable