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On October 1, 2021, Blue Corp. issued $732,000,8%, 10-year bonds at face value. The bonds were dated October 1, 2021, and pay interest annually on

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On October 1, 2021, Blue Corp. issued $732,000,8%, 10-year bonds at face value. The bonds were dated October 1, 2021, and pay interest annually on October 1. Financial statements are prepared annually on December 31 Prepare the adjusting entry to record the accrual of interest on December 31, 2021. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit Date Dec. 31. 2021 Interest Expense Interest Payable e Textbook and Media List of Accounts Question Part Score --/0.33

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