On May $1,2022,$ Cullumber Corp. issued $$630,000,9\%,5-$year bonds at face value. The bonds were dated May $1,2022,$ and pay interest annually on May $1.$ Financial statements are prepared annually on December $31.$

$($a$)$

$($b$).$

Prepare the adjusting 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. $31,$

$2022$