On January 1, 2020, Wildhorse Company issued $268,500, 9 %, 5-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, 2020. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Dec. 31, 2020 Account Titles and Explanation Debit Credit Sheridan Corporation issued $520,000, 9%, 20-year bonds on January 1, 2020, for $475,729. This price resulted in an effective- interest rate of 10% on the bonds. Interest is payable annually on January 1. Sheridan uses the effective-interest method to amortize bond premium or discount. Prepare the journal entry to record the accrual of interest and the discount amortization on December 31, 2020. (Round answers to O decimal places, e.g. 15,250. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Dec. 31 Debit Credit Pharoah Company issued $330,000, 10%, 10-year bonds on January 1, 2020, for $351,179. This price resulted in an effective-interest rate of 9% on the bonds. Interest is payable annually on January 1. Pharoah uses the effective-interest method to amortize bond premium or discount. Prepare the journal entry to record the accrual of interest and the premium amortization on December 31, 2020. (Round answers to O decimal places, e.g. 15,250. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Dec. 31 Debit Credit